668 N Wells street (cocoro)

3,025 sq ft of 2nd Generation Restaurant Space

 

WELCOME TO WELLS STREET!

The property is located in the hottest development corridor in River North! The 1-mile radius has seen a 42% population growth (124,119 people) since 2010 and nearly half of those residents are between the ages of 25-45 years old. Over 2,000 new residential units are within a 3-block radius. The average household income exceeds $128,000 with a 58%/42% ratio of renters to owners. An astounding 76% of our residents also hold a bachelors degree or higher. Finally, the spending power for this group for F&B away from home exceeds $300MM annually! 

Area Developers invested in the Wells Street Corridor: MAC Management, Magellan, Lennar, JDL, Akara, Cedar Street, Oxford Hotels, and Smithfield.

THE OPPORTUNITY:

•The ultimate in space flexibility to accommodate all retail and restaurant uses. Available Now! 

•Premises: 3,025 sf with 20 ft ceilings; 25 ft of frontage on Wells Street (rendering above shows new façade). 

•Space may be combined with existing 4,361 sf vacancy. 

•Single-story building allows for easy ability for black iron, without need for a scrubber system. Additional FAR available for additional stories. 

•Zoning: DX-5 | Alderman: Brendan Reilly (42nd Ward) 

•Join new and legendary businesses in the area, including Pacific Standard Time, Wildfire, Dollop Coffee & Tea, Left Coast, Limitless Coffee, Real Good Juice, Heritage Cycles, GT Prime Steakhouse, and Hooters!