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About the Listing 85774 - 177965
In the heart of Chicago's vibrant River North, 740 N Wells presents a once-in-a-generation mixed-use opportunity-an address destined to be someone's future found. This three-story masonry jewel offers 3,465 square feet of gross building area on a 2,321-square-foot DX-5 zoned lot, boasting over 21 feet of Wells Street frontage, dramatic floor-to-ceiling windows, and soaring 11-foot ceilings. On-site parking-practically unheard of in this location-accommodates three vehicles, with the possibility for a fourth. The ground-floor commercial space (1,155 sq ft), most recently home to the renowned Carl Hammer Gallery, offers an open, light-filled display area, rear storage, and a full washroom. Direct access to a full unfinished basement adds valuable storage or build-out flexibility, ideal for retail, gallery, restaurant, or showroom use. Separate street access leads to two upper-level loft residences, each bathed in natural light through expansive windows and enriched by vintage wood floors and impressive ceiling heights. Unit Two showcases a dramatic built-in bookcase, while Unit Three boasts a wood-burning fireplace and a mezzanine bedroom for added character and function. Both feature full kitchens and baths, making them prime for premium rental income or inspired owner-occupancy. Positioned steps from the highly anticipated The Lake private members' club-and surrounded by new luxury residences, premier dining, and Chicago's largest art gallery district-this property enjoys unmatched foot traffic, vehicular exposure, and neighborhood prestige. The property was previously divided into three separate condominium/property ID numbers, creating a rare opportunity to buy the entire building with all three units. With River North residential rents commanding top-tier rates, 740 N Wells offers substantial income potential alongside exceptional end-user appeal. For the discerning investor, operator, or visionary, this is more than an address-it's a rare prize in a world-class location, with the flexibility, visibility, and inherent value to define your next chapter.
Listing Highlights for 740 N Wells St
Status
Active
Days on Site
7
Property Type
Commercial Sale
MLS ®
12464895
Year Built
1938
Total Square Footage
3,809
Lot/Acreage
0.05
County
Cook
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air,Central Individual
- Heating: Central Heat/Indiv Controls,Gas
- Fireplaces: 1
- Floor: Carpet,Terrazzo,Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 21 x 110
- Zoning: OTHER
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $36,895
- Taxes w/Assessments: N/A
- Tax/Property ID: 17092020241001
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
740 N Wells St Chicago, IL 60654
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