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    1615 Oak Ave Evanston, IL 60201

    For Sale
    $200,000

    Operational brewery/restaurant with dining area, mezzanine, and outdoor patio.

    Property size:
    12,000 SF
    Lot size:
    0.26 Acres

    Property Features for 1615 Oak Ave

    General Information

    Size
    12,000 SF
    Lot size
    0.26 Acres

    Source: Strauss Realty, Ltd. Agent Craig Wolf

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

    Overview

    Turn-key Brewery/Restaurant in Evanston

    This is a turn-key, operational, freestanding brewery and restaurant located in downtown Evanston. The 12,000 square foot property features a large open dining area with an inviting bar, as well as a spacious mezzanine suitable for private parties, complete with a second bar. An outdoor patio provides seating for 60 patrons. The interior has been renovated with wood barrel truss, modern rustic details, dark wood, and a vaulted ceiling. A 10-barrel brewhouse is situated in the middle of the restaurant, and there is also a lounge with a fireplace. The property operates under an NNN lease type and holds incidental liquor and retail food licenses. Key Money is Required.
    Insight Report Location Intelligence

    Current Use by Public Records

    Breweries

    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
    -87.686475
    Latitude
    42.0476626

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    FAQs

    What type of property is this?
    Brewery - Operational brewery/restaurant with dining area, mezzanine, and outdoor patio.
    Where is this brewery located?
    The property is located at 1615 Oak Ave Evanston, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Turn-key, operational brewery/restaurant in downtown Evanston.; - Large open dining area with inviting bar and outdoor patio (60 seats).; - Spacious mezzanine with second bar for private parties.
    (847) 989-9653
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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
    1615 Oak Ave Evanston, IL 60201
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