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    617-627 Grove St Evanston, IL 60201

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    For Lease
    $2,500 /Mo ($40 SF/Yr)

    732 SF retail/office space in Downtown Evanston.

    Property size:
    732 SF
    Lot size:
    0.28 Acres

    Property Features for 617-627 Grove St

    General Information

    Size
    732 SF
    Lot size
    0.28 Acres

    Source: InSite Commercial Realty Agent Ross Goldstein

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

    Overview

    Evanston Retail or Office Space

    Located on the south edge of Downtown Evanston, this 732 square feet space is suitable for retail or office use. The property is situated one block from various restaurants, retailers, and service providers, and two blocks from Davis Street METRA, CTA, and Pace bus stations. The lakefront is half a mile away. The space features street presence and available parking. The light-filled floor area, approximately 18 feet wide by 42 feet deep, includes an in-unit washroom and 11-foot ceilings. The property has hardwood floors and faces south. Garage parking is available. The D2 Downtown Retail Core District zoning allows a variety of Permitted and Special Uses. The average household income within one mile is greater than $131,000. Local merchants receive marketing and placemaking support via an active Downtown Special Service Area and the Downtown Evanston organization.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6810895
    Latitude
    42.0455965

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    FAQs

    What type of property is this?
    Retail space - 732 SF retail/office space in Downtown Evanston.
    Where is this retail space located?
    The property is located at 617-627 Grove St Evanston, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Highly desirable location: Just a block from restaurants/retail, and two blocks from Metra/CTA, with the lakefront only a half-mile away.; - Ideal for retail or office use thanks to its D2 Downtown Retail Core District zoning.; - **732sf light-filled space features an in-unit washroom and impressive 11-foot ceilings.**
    (312) 203-3199
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    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
    617-627 Grove St Evanston, IL 60201
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