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1525 N Wells Street Chicago, IL 60610

$64.99 / Per SQFT
Active / MLS# 12614741 / Rental - Retail / Chicago
0 Beds
6578 SqFt

Located at 1525 N. Wells in the heart of Chicago's vibrant Old Town neighborhood, this impeccably built, modern bar. This is a rare turnkey opportunity. The previous tenant operated with a full suite of licenses, including a corporate liquor license, PPA license, retail food license, and a sidewalk cafe permit. The space features approximately 6,578 square feet of interior space with an approved occupancy of 239 guests, plus seating for 42 on the sidewalk cafe. Boasting 50 feet of prime frontage along Wells Street, the property benefits from excellent visibility and heavy foot traffic, complemented by wide sidewalks ideal for outdoor dining. Inside, the main bar and dining area span an impressive 80'6 in depth and 49'8 in width, with 11-foot ceilings creating an open, airy atmosphere. The centerpiece is a striking rectangular bar offering 72 linear feet of service space-perfect for high-volume operations. This is a high-grossing, fully built-out venue in one of Chicago's most sought-after hospitality corridors, ready for its next operator.

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Property Details

Property Type: Rental - Retail
Cooling: Central Air
Lot Size: 0.30 Acres
Roof Type: Membrane
Stories: 1.0
Year Built: 1930

Feature Descriptions

Current Use: Commercial
Electric: Circuit Breakers, Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Alarm On Site, Ansul System, Fire Extinguisher/s, Sprinklers-Dry, Sprinklers-Wet
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Heat/Indiv Controls
Location: Central Business District
Lot Dimensions: 80x161
Miscellaneous Indoor: Mezzanine
Rental Term: Per SQFT
Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer, All Utilities, Trash Collection
Units: 1
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Cable Available, Fiber

Location

See details and scored characteristics about this location.

Listing Office: Westward Properties LLc

Listing Office Phone: 312-286-0951



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