Listing provided courtesy of Westward Properties LLcMREDas Distributed by MLSGrid- MLS# 12614741MLS Provider

1525 N Wells StreetChicago, IL 60610

Commercial
$35,630 Active

1525 N Wells Street Overview

Time on Site:
80 days
Visits:
3

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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1525 N Wells Street Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net

Building Information

  • Year Built: 1930

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer, All Utilities, Trash Collection

Tax Information

  • Tax Annual Amount: $143,422.00
  • Tax Year: 2024

General Information

  • Property Sub Type: Neighborhood Storefront
  • Property Type: Commercial Lease
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 6578
  • Stories: 1

Unit Information

  • Unit SqFt.: 6578

Exterior

Lot Information

  • Frontage Type: City Street
  • Lot Size Dimensions: 80x161
  • Lot Size Square Feet: 12880
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Membrane

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Cable Available,Fiber

1525 N Wells Street Neighborhood

Community

60610 (CHICAGO) Demographics

33
Median Age
25,407
Population Density (per sq. mile)
80%
College Educated
$95,994
Estimated Median Income
9,370
Estimated Total Home Owners
14,907
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1525 N Wells Street Market Data

Based on the last 30 days in this zip code

$1,061,067
Average List Price
$632
Average Price per Square Foot
71
Properties Sold
76
Average Days on Market
221
Properties for Sale
Calculations provided by Reliance Network

1525 N Wells Street History

Date Event Value Agent
4/15/2026Source: MRED Status Change
Active
4/10/2026Source: MRED Added to Database
April 10, 2026