660 North Wells 660 North Wells Street

Chicago, IL 60610

For Sale

13,125 sqft

Sale Price

Contact Broker For Pricing
Brochure
Map
Retail For Sale
13,125 SF Retail Restaurant with DX-7 Zoning
First Time Offering Property for Sale in Over 40 Years
Immediately Cash Flowing Opportunity with 30+ Year Tenant
Tenant's Potential Vacate in 2028 Provides Tremendous Upside and Sufficient Time to Strategically Plan for the Highest and Best Use
Zoned as DX-7, Allowing for High-Rise Multifamily, Office, or Hotel with Ground Floor Retail
Located at a Hard Corner & Lighted Intersection in River North, One of the Most Popular & Active Neighborhoods in Chicago
Get in touch
Dominic Soltero
DS
Tom Svoboda
TS
CBRE, as an exclusive agent, is pleased to present the opportunity to acquire
100% fee simple interest in 660 North Wells Street (“the Property”),
13,125 SF of retail space that is home to one of the most iconic restaurant
brands in the U.S. Thanks to its longtime tenant, the Property has served as a
beacon of stability in the everchanging River North neighborhood. This is the
first time in over 40 years the Property is available for sale.

The Property is complete with a full bar, commercial kitchen, and offices on
the upper floors for management and operations.

This site also offers investors or developers a unique opportunity to acquire
an income producing property in one of Chicago’s most well-known
neighborhoods. In addition, the Property has ±5,300 SF of total land size
available with DX-7 zoning should one wish to redevelop, as River North has
seen ample residential units deliver recently with many more on the way.

With the current lease expiration in 2028, ownership will have sufficient time
to go through any necessary zoning/entitlement processes while collecting an
income on the property, alleviating costs associated with ownership, making
this a site a fantastic covered land play.
Arts district turned tech magnet, River North is the CBD’s original live-work-
play submarket.

While the office space bounded by Oak Street to the north, Kinzie Street to the south, State Street to the east and the river to the West represents just 8% of the overall downtown market, it has dominated tenant conversations for a decade thanks to its creative loft office spaces favored by tech-forward occupiers.

River North is a destination for high-end restaurants, shopping and nightlife and has been further activated by its connectivity to the Chicago Riverwalk and adjacency to Magnificent Mile shopping.

Total Space Available

13,125 sqft

Sale Price

Contact Broker For Pricing
Transit/Subway
CTA Brown & Purple Line - Chicago Stop
0.2 miles
3 min. /walk
CTA Red Line - Grand Stop
0.5 miles
12 min. /walk
CTA Red Line - Chicago Stop
0.5 miles
11 min. /walk
Highway
I-90/I-94 Expressway
0.3 miles
5 min. /drive
1 Mile
Population 120,444
Median Age 34.30
Percent College Educated 87.5%
Avg. Household Income $185,232
Median Household Income $561,193
Get in touch
Dominic Soltero
DS
Tom Svoboda
TS