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    1700-1704 Sherman Ave Evanston, IL 60201

    For Lease
    Contact for pricing

    10,061 SF retail space near Northwestern University.

    Property size:
    5,312 SF
    Lot size:
    0.79 Acres

    Property Features for 1700-1704 Sherman Ave

    General Information

    Size
    5,312 SF
    Lot size
    0.79 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Chelsea Henderson

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

    Overview

    Evanston Retail Space For Rent

    This 10,061 square foot retail space is located at the base of a 48,351 square foot building. The anchor tenant of the building is the Music Institute of Chicago. The property is situated blocks from Northwestern University, which has approximately 23,000 students. It is also one block from the Davis Purple Line CTA stop, which sees over 450,000 riders annually, and one block from the Davis Street/Evanston Metra stop, which sees over 1,800 riders per day. Ample street parking is available.
    Location Intelligence

    Current Use by Public Records

    Retail 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
    -87.6820792
    Latitude
    42.0486114

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    FAQs

    What type of property is this?
    Retail space - 10,061 SF retail space near Northwestern University.
    Where is this retail space located?
    The property is located at 1700-1704 Sherman Ave Evanston, IL.
    What are key features of this property?
    This property features: - High foot traffic location, just 1 block from Davis Purple Line CTA stop (over 450,000 riders annually) and Metra stop (over 1,800 riders daily).; - Located at the base of a 48,351 SF building anchored by the Music Institute of Chicago.; - Proximity to Northwestern University (nearly 23,000 students).
    (847) 337-5287
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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
    1700-1704 Sherman Ave Evanston, IL 60201
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