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400 N Wells StChicago, IL 60654
400 North Wells
Asset ClassMixed Use
A Mixed-Use Wholesale Showroom & Retail Property
overview of deal

Overview

Cushman & Wakefield U.S., Inc. has been retained as exclusive advisor and agent to offer to qualified investors the 100% fee simple interest in 400 North Wells (the “Property” or the “Building”), a mixed-use wholesale showroom and retail property located in the heart of downtown Chicago’s wildly popular River North neighborhood. Situated just north of the Chicago Loop, River North is downtown’s most popular 24/7 mixed-use community, featuring a dynamic array of premier entertainment and nightlife venues, world-class restaurants, luxury hotels, diverse residential options, and fine art and furniture galleries. These amenities have driven River North’s emergence as Chicago’s premier “live-work-play” environment that has supported one of the strongest CBD office markets in Chicago.

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Investment Highlights

  • High-Value, Street-Level Retail Providing Diversified Income, Curb Appeal & In-Building Amenities
  • Market-Leading, Mixed-Use Wholesale Showroom & Retail Building Providing Strong In-Place Cash Flow
  • Strong Historical Occupancy With Sticky Rent Roll
  • Fortress A+ "Main-And-Main" River North Location With Exceptional Accessibility & Visibility
  • Substantial Discount-To-Replacement Cost & Rents Illustrating Runway For Additional Growth

Property Overview

Salient Facts
Year Built
1930
Stories
4
Zoning
DX-5
Net Rentable Area
32,385 SF
Avg. Floor Plate Size
8,096 SF
# of Tenants
21
Avg. Tenant Size
1,487 SF
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400 N Wells StChicago, IL 60654

Sales Team

Dirk RiekseExecutive Director(312) 470-1817dirk.riekse@cushwake.com
Zach YarnoffManaging Director(312) 424-8205zach.yarnoff@cushwake.com

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Listing provided by Revere CRE