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    1316-1322 Sherman Ave Evanston, IL 60201

    For Lease
    $22 SF/Yr

    Two-story office building in downtown Evanston with renovated common areas.

    Property size:
    20,662 SF
    Lot size:
    20,662 SF

    Property Features for 1316-1322 Sherman Ave

    General Information

    Size
    20,662 SF

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

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

    Overview

    Evanston Office Space For Rent

    Located in downtown Evanston, Illinois, 1316-1322 Sherman Avenue is a two-story office building. The multi-tenant professional building offers office spaces for rent, including a ±425 SF open-concept second-floor office and a ±2,240 SF ground-floor office with a private entry. The common areas have been newly renovated. Exterior signage is available. The location is steps away from the CTA Purple Line and Metra trains. Rent includes water and heat. The tenant is responsible for separately metered utilities. Evanston, situated on the North Shore along Lake Michigan in Cook County, Illinois, is approximately 12 miles north of Chicago. It has approximately 75,000 residents and is home to Northwestern University and less than 5 miles to I-94 or DuSable Lake Shore Drive. The property size is 20,662 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store 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
    -87.6824791
    Latitude
    42.0418163

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    FAQs

    What type of property is this?
    Office space - Two-story office building in downtown Evanston with renovated common areas.
    Where is this office space located?
    The property is located at 1316-1322 Sherman Ave Evanston, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Evanston location, steps from CTA Purple Line and Metra trains.; - Two office space options: **±425 SF open-concept second floor or ±2,240 SF ground floor with private entry.**; - Newly renovated common areas.
    (630) 330-3352
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    1316-1322 Sherman Ave Evanston, IL 60201
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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
    1316-1322 Sherman Ave Evanston, IL 60201
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