500 N Wells St | Chicago, IL 60654
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500 N Wells St
Chicago, IL 60654
Office Property For Sale
Executive Summary
Brick masonry building in excellent condition. The 1st and 2nd floors are leased. The 3rd floor has recently been vacated by a 15 year office tenant. The building offers a superb opportunity for an owner user to take the 3rd floor or an investor who wishes to lease the space.
The 3rd floor space features a partially furnished office space encompassing the entire 3rd floor. The space features two (2) bathrooms; four (4) private offices; a conference room; a kitchenette; a bullpen with ten (10) furnished cubicles; and a reception area with a reception desk. Corner space with east and southern views featuring tons of sunlight. Details on occupied spaces pending (please inquire). Live/work is possible.
It is located one block from the Merchandise Mart and L-train; centrally located in River North, near River Walk with easy access to the loop; one-quarter (1/4) mile from entry to the Dan Ryan and Kennedy expressways via Ohio St. ramp. There are a plethora of lunch, dinner, and fast-food options within the immediate proximity (P.F. Chang's, Lou Malnati's, Al's Italian beef, Bavette's and countless more). Numerous hotels within walking distance.
The 3rd floor space features a partially furnished office space encompassing the entire 3rd floor. The space features two (2) bathrooms; four (4) private offices; a conference room; a kitchenette; a bullpen with ten (10) furnished cubicles; and a reception area with a reception desk. Corner space with east and southern views featuring tons of sunlight. Details on occupied spaces pending (please inquire). Live/work is possible.
It is located one block from the Merchandise Mart and L-train; centrally located in River North, near River Walk with easy access to the loop; one-quarter (1/4) mile from entry to the Dan Ryan and Kennedy expressways via Ohio St. ramp. There are a plethora of lunch, dinner, and fast-food options within the immediate proximity (P.F. Chang's, Lou Malnati's, Al's Italian beef, Bavette's and countless more). Numerous hotels within walking distance.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,200 SF
Building Class
C
Year Built
1883
Percent Leased
68%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,400 SF
Slab To Slab
11’
Building FAR
2.60
Lot Size
0.09 AC
Zoning
DX-5 - Downtown Mixed-Use District
Amenities
- Bus Line
- Commuter Rail
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $492,864 | |
| Land Assessment | $291,500 | Total Assessment | $784,364 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$291,500
Improvements Assessment
$492,864
Total Assessment
$784,364
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