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    1940 Sherman Ave Evanston, IL 60201

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    For Lease
    $24 SF/Yr

    Move-in ready office space near downtown Evanston and Northwestern University.

    Property Features for 1940 Sherman Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1929

    Source: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Agent DONNA AGNEW

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Office Space in Evanston

    This remodeled office space is located on the ground floor of an upscale apartment building in the heart of Evanston, offering its own private entrance. The well-lit and spacious interior includes a reception area, four private offices, a conference room area, a kitchenette, and an in-unit bathroom. The property is situated a couple blocks from downtown Evanston, Northwestern University, restaurants, and public transportation. Parking and a bike rack are available. The space is priced per office, with the option to rent one office or all four.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gray Oak Counseling Psychologist Sherman Apartments - 1940 ... Apartment Building Centered Connections Marriage Or Relationship Counselor Chicago Relationship Therapy, ... Psychotherapist Student Holdings Corporate Office

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6820536
    Latitude
    42.0536275

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    FAQs

    What type of property is this?
    Office space - Move-in ready office space near downtown Evanston and Northwestern University.
    Where is this office space located?
    The property is located at 1940 Sherman Ave Evanston, IL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime location: Close proximity to downtown Evanston, Northwestern University, restaurants, and public transportation.; - Move-in ready: Recently remodeled office space.; - Flexible rental options: Rent one office or all four.
    (847) 763-0200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1940 Sherman Ave Evanston, IL 60201
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