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2611 Prairie Ave Evanston, IL 60201

Retail space Google Maps
0.33 ac lot Built 2005
Entity Owned 18-yr Hold Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US28-2706150

Property summary

AI-generated overview

This exceptional 1,400 square foot retail condo presents a spectacular investment opportunity in Evanston's vibrant business district. Situated on Prairie Avenue, this property boasts unparalleled visibility and high foot traffic, benefiting from its proximity to numerous boutiques, restaurants, and other retail establishments. The location is further enhanced by its close proximity to the new Northwestern University football stadium, ensuring a consistent flow of potential customers. The condo itself includes one bathroom and one designated parking space, a significant advantage in this bustling area. Ample street parking is also readily available for additional convenience. The space is immediately available, allowing for a swift and seamless transition for new owners. This is a rare chance to acquire a prime retail space in one of Evanston's most desirable and high-traffic areas, offering significant potential for growth and return on investment. The property's exceptional location and immediate availability make it an attractive proposition for discerning investors seeking a strong foothold in the Evanston market. Don't miss this opportunity to secure a thriving retail presence in the heart of Evanston.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Lot 0.33 ac (14,353 SF)
APN 05-34-423-030
UPID US28-2706150

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vocational School
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2008
4 recorded transactions
2008
$400,000
2006
Price N/A
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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