Clicking front wheel, road bike
So its a click once per wheel revolution.  That suggests its not bearing specific cos they rotate a lot more per wheel rotation.  I'm suspicious of race damage in the hub roughly even with the logo as you noticed, and a slightly loose bearing such that theres not enough preload on the bearings.

Some things to try


Does it click if you spin the wheel backward by hand?  This is hard to test while riding, but you could pull the wheel and install it flipped.  Be careful while riding in this state.
Can you find another wheel - borrow one off another bike or another person.  Just confirm that a different wheel doesn't click.  Confirmation is handy.
While the wheel is off, clean and examine the front dropouts and fork legs for damage, chips or cracks, Its pretty unlikely but the wheel is off anyway.
Next would be to open the wheel hub and remove the bearings.  If they're sealed cartridge bearings then play with them and see if you can feel a click at any point.

If they're loose balls in a cup/cone then clean out all the grease with a solvent and look hard at the race's track under a strong light.  Anything that looks bad, is bad.  Specifically spalling (where bits break off the running surface) smearing (where the bearings are dragging around not rolling) or galling means replacement time.



This is a car bearing but the concept is the same.  This example is terminal, but your bike may have the mearest hint of a lump or hole.

BTW: The click will be adding drag, but sound takes very little energy so its not enough to notice.