601 N. Wells St. | For Lease

Description:

Prime Retail Opportunity at 601 N. Wells St., River North, Chicago

Nestled in the heart of Chicago's dynamic and affluent River North district, the retail space at 601 N. Wells St. presents a rare leasing opportunity. This freestanding property, offering 2,800 square feet of versatile retail space, combines historic charm with modern amenities following a comprehensive renovation in 2020.

Location and Lifestyle

Strategically positioned at the crossroads of W. Ohio St. and N. Wells St., this property benefits from an impressive daily traffic count of 31,113 vehicles and is enveloped by an affluent demographic with an average household income of $142,393 within a 3-mile radius. River North is a cultural and lifestyle hub, known for its upscale dining, vibrant nightlife, and a community that values fitness, organic foods, and the arts. This makes 601 N. Wells St. an ideal location for businesses aiming to thrive in a lively urban environment.

Retail Space Features

- Size and Structure: A total of 2,800 SF available, with a flexible floor plan (2,000 SF on the 1st floor and 800 SF on the 2nd floor), allowing for a range of retail configurations.

- Economic and Demographic Strength: Surrounded by a dense, high-income population and significant consumer spending power ($7.9 billion within 3 miles).

- Zoning Flexibility: DX-5 zoning permits a variety of uses, from traditional retail to innovative service concepts, supporting a vibrant mix of commercial activities.

- Visibility and Accessibility: Exceptional visibility due to high traffic volumes, enhanced by excellent accessibility via public transportation, walking, and biking paths.

Connectivity and Community

River North is a testament to Chicago's ability to blend urban living with luxury. The neighborhood's proximity to the Magnificent Mile, bordered by the Chicago River, positions 601 N. Wells St. as a gateway to one of the city's most sought-after districts. This area is not just a place to do business but a place to become a part of Chicago's thriving community fabric.

A Unique Opportunity

This offering is more than just a retail space; it's a chance to be at the heart of Chicago's economic and cultural activity. Ideal for brands and businesses aiming to establish or expand their presence in a high-growth area, 601 N. Wells St. promises visibility, flexibility, and connectivity.

Seize the opportunity to make a mark in River North, where commerce meets community, and tradition meets innovation.






Prime Location in River North: Situated in the heart of Downtown Chicago's vibrant River North neighborhood, known for its high foot traffic and dynamic downtown city lifestyle.


DX-5 Zoning: Offers a wide range of permissible uses, providing flexibility for various retail concepts.


High Traffic Volume: Benefits from a substantial daily traffic count of 31,113 (based on 2023 data for Ohio St. and Wells St.), enhancing visibility and customer access.


Affluent Demographics: Surrounded by a high-income residential area, with an average household income exceeding $135k, indicating strong purchasing power within the immediate vicinity.


Dominant Consumer Segments: The area is predominantly inhabited by Metro Renters, Uptown Individuals, and Laptops & Lattes lifestyle groups—indicating a young, affluent, and educated demographic with a preference for fine arts, technology, and urban living.


Economic Vibrancy: Positioned in an economically robust area, with a mix of professional and managerial residents who value education, creativity, and environmental sustainability.


Cultural and Lifestyle Hub: The neighborhood caters to an active, social, and environmentally conscious community, with preferences for organic foods, fitness, and cultural activities—ideal for businesses that align with these interests.


Connectivity and Accessibility: Excellent accessibility via public transportation, taxis, walking, and biking, ensuring constant foot traffic and easy access for city dwellers.