Chicago IL Real Estate & Commercial for Sale

Huge mixed use space in the heart of River North! This unique condo features a full floor unit with a private elevator and over 3000 sqft! The possibilities are endless in this sprawling space! The space caters to Investors looking for a commercial space with huge potential income, Businesses looking for office space/a space to make their own or as a huge residential space. The unit features, 3 offices, large open common space with oak hardwood floors, 2 large storage closets and a full kitchenette. Additionally there is a separate full 1 bedroom 1 bath condo approx 800sqft with oak hardwood floor, granite countertop, stainless steel appliances, large walk-in closet with an on-suite bathroom. If you're looking for a residential space this unit can easily work as a great 4 bed, 2 bath full floor condo as is or can be a great opportunity to renovate and make your own. The location is perfect for any option nestled in River North, short walk to Old Town, Lake Michigan, night life, restaurants, public transportation and more! Come see this amazing space before it's gone!!

Excited to present a unique investment opportunity located at 601 N. Wells St., Chicago, IL 60654, in the heart of the River North neighborhood of Downtown Chicago. This prime real estate offering includes a retail property with 2,800 square feet of space, currently outfitted as a restaurant, and an advantageous billboard lease adding to its income potential.KW Commercial and Keller Williams ONEChicago are excited to present a unique investment opportunity located at 601 N. Wells St., Chicago, IL 60654, in the heart of the River North neighborhood of Downtown Chicago. This prime real estate offering includes a retail property with 2,800 square feet of space, currently outfitted as a restaurant, and an advantageous billboard lease adding to its income potential. The total land size of the property is 2,722 square feet, under Downtown Mixed-Use (DX-5) zoning, which accommodates a high-density mix of commercial, residential, and office spaces. This flexibility provides a wide array of redevelopment opportunities, making it an attractive proposition for investors looking to maximize the site's utility and revenue. Significantly enhancing this property's value is a billboard lease with an annual income of $89,165.72, which has 20 years remaining, expiring in 2046. The lease income is set to increase by 3.5% annually, offering a steady growth in revenue over time. This additional income stream contributes to the property's overall attractiveness and potential for high returns on investment. Previously operated as a Latin American, seafood, and Mexican restaurant, the retail space is well-suited for similar future uses. It suggests that the space is fully equipped for food service operations, potentially including a bar or lounge area. The existing kitchen, dining, and service areas are presumably in a condition that would support continued use without significant renovations if well maintained. The property's DX-5 zoning enables a multitude of redevelopment possibilities: Mixed-Use Development: Combining retail with residential or office spaces above to leverage the property's location and zoning for maximum income. Exclusive Restaurant/Bar: The space could continue serving as a premium dining venue or bar, drawing in clientele from River North and the broader Downtown Chicago area. Boutique Retail or Gallery Space: Aligning with the neighborhood's cultural scene, the space could be transformed into a boutique retail store or art gallery catering to River North's affluent demographics. River North is renowned for its dynamic art galleries, vibrant nightlife, and dining scene, making it a coveted location for any retail or mixed-use development. The neighborhood's affluence, high foot traffic, and excellent visibility and accessibility to locals and tourists alike underscore the strategic value of investing in 601 N. Wells St.

PRIME RIVER NORTH- Desirable Five Story 1915 Heavy Timber Loft with prime DX5 Zoning - All Commercial Office Opportunity with Tear Down or Residential Potential- Fully Renovated -Steps to Chicago Brown/Purple Line, Gut Renovated in 2019, Over 28000 SF of Rentable Office Space Including Finished Basement -- 96% occupied, Tucked in Trendy, Upscale River North on a Tree-Lined Street with Well Established Businesses, Chic Boutiques and Bars and Abundant New Construction, Easy Street or Adjacent City Lot Parking, Seconds to 90/94 on ramp at Ohio, Walk to Trendy River West, Design District, and Major Landmarks Including the Magnificent Mile, Asset Rehabbed from Vacant in 2018, FULL Tear off Roof 2021, New Copper Plumbing and Fully Upgraded Electric, All Building Sprinkler System/Security/Wifi, Abundant Natural Light, New Elevator, Private Gym, All Levels Have Communal Kitchenettes and Upgraded Public Bathrooms, Six Separate HVAC Systems with Heavy Duty Clean Air Filtration, Immaculate Infrastructure - Cash flow from Day One - $646,148 Current Gross Income

7,500 square foot, three-story plus a full basement, mixed-use property at the southwest corner of Clark Street and Chicago Avenue in the desirable River North neighborhood. Situated on a 2,614 square foot site, the subject was constructed for the current owners and is comprised of a 1,000 square foot retail space on the ground floor that is currently a restaurant, a well appointed 1,600 square foot office suite on the second floor and a two-bedroom, two-bath apartment with lofted space on the third floor, plus a spectacular roof deck. All of the mechanicals and roof are newer and meticulously maintained. The property benefits from its excellent visibility, as it is located on one of the main east/west and north/south arteries in the city. The visibility and in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a boutique multi-unit building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both business and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This vibrant neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago's go-to hub of nightlife and entertainment, featuring many of the city's acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer / investor activity over the past several years. Price upon request