611 S. Wells Street, Chicago, IL

611 S Wells Street Chicago, IL 60607

611 S Wells Street, Chicago, IL, 60607
611 S Wells Street, Chicago, IL, 60607
FOR LEASE
Property Type:
Street Retail
Last Verified:
Jan 07, 2021

Highlights

  • Outdoor Patio
  • Densely Populated Area of High Rise Apartments
  • Easy Access to Public Transportation
  • Minutes from I90 / I94 / I290 / I57

Description

Highly visible corner space with floor to ceiling windows and vaulted ceilings. This property has easy an accessible outdoor patio space that has a built-in canopy created from the modern glass architecture of the 233 unit condominium high rise above. Although the space is raw, the ADA compliant bathrooms are fully built out. This space would be perfect for food/cafe use.

A dynamic mix of history and innovation, Chicago’s South Loop neighborhood has flourished from a once booming commercial sector into one of the city’s hottest residential areas. Much of the area’s eastern edge encompassed by the Museum Campus, home to an impressive collection of cultural institutions including the Field Museum, Shedd Aquarium, and Adler Planetarium. Sitting along the scenic lakefront, the parkland area located around the Campus is an extension of another one of the South Loop’s amazing spaces—Grant Park. Known as “Chicago’s front yard” locally, Grant Park boasts 319 acres of green space and is host to many of the city’s festivals such as the Taste of Chicago, Chicago Blues Fest, and Lollapalooza. Perfect for nature lovers and avid sports fans alike, the South Loop is also home to Northerly Island and Soldier Field. The South Loop offers a variety of dining and entertainment options, and is the location of notable Chicago restaurants including Acadia, Niu B Sushi, Eleven City Diner, and so much more.

Building Size: 3810sq ft
Lot Size: 0 acres

Units for Lease

611 S. Wells
Space Available: 3810 SF
Lease Type: NNN

Price Per Sqft/Year: $25.0

Map of 611 S Wells Street, Chicago, IL, 60607

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.