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    1416-2529 Central St Evanston, IL 60201

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    For Lease
    $15 SF/Yr ($1,175 /Mo)

    Street-level retail/office space near Central Street METRA and Ryan Field.

    Property size:
    940 SF
    Lot size:
    0.35 Acres

    Property Features for 1416-2529 Central St

    General Information

    Size
    940 SF
    Lot size
    0.35 Acres

    Source: InSite Commercial Realty Agent Ross Goldstein

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

    Overview

    Retail/Office Space Near Ryan Field

    This street-level retail/office space is ideally located on the ground floor and corner of a 39-unit multi-family apartment building. The property is situated only 3 blocks from the Central Street METRA station. The new Ryan Field is slated for completion in the Summer of 2026. Any business operating from this location stands to benefit from the new stadium hosting Northwestern University football games, other collegiate sporting events, up to 6 concerts per year, and community-oriented events such as winter festivals, holiday celebrations, student movie nights, and intramural sports championships, as well as additional student community programming. The offering includes 4 adjacent spaces of between 700 and 950 square feet, which had been combined into one larger space, as was done for the previous tenant. The property size is 940 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency 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
    -87.6916643
    Latitude
    42.0641267

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    FAQs

    What type of property is this?
    Retail space - Street-level retail/office space near Central Street METRA and Ryan Field.
    Where is this retail space located?
    The property is located at 1416-2529 Central St Evanston, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the ground floor and corner of a 39-unit apartment building.; - Benefits from proximity to the new Ryan Field (completion Summer 2026) and associated events.; - Located only 3 blocks from the Central Street METRA station.
    (312) 203-3199
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    1416-2529 Central St Evanston, IL 60201
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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
    1416-2529 Central St Evanston, IL 60201
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