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    1611 Chicago Ave Evanston, IL 60201

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    For Lease
    $33 SF/Yr ($3,712 /Mo)

    Retail space in a dynamic downtown location near Northwestern University.

    Property size:
    1,350 SF
    Lot size:
    1.03 Acres

    Property Features for 1611 Chicago Ave

    General Information

    Size
    1,350 SF
    Lot size
    1.03 Acres

    Source: Strauss Realty, Ltd. Agent Patrick Duffy

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

    Overview

    Evanston Retail Space For Rent

    This 1350-square-foot retail space is situated in a dynamic downtown Evanston location, across from Whole Foods and within The Merion, a senior living community. The property benefits from its proximity to Northwestern University campus and the lakefront. A high volume of traffic, with 20,000 vehicles per day, travels along Chicago Avenue. Transportation is readily accessible, with steps to Davis Metra and Dempster L-stop. Co-tenants within The Merion include Tapas Barcelona, Edessa’s Hair Salon, 527 Café, uBreakiFix, and Picnic Restaurant. Nearby businesses include Giordano’s, Patisserie Coralie, AT&T, PNC Bank, Prairie Moon, Pet’s Coffee & Tea, and Shang Noodles & Chinese. Several hotels are also located nearby, including Holiday Inn, Graduate Evanston, Hyatt House, and Hilton Orrington.
    Location Intelligence

    Current Use by Public Records

    The Merion Retirement Community Evanston Property Management Property Management Company

    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
    -87.6792123
    Latitude
    42.0465886

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    FAQs

    What type of property is this?
    Retail space - Retail space in a dynamic downtown location near Northwestern University.
    Where is this retail space located?
    The property is located at 1611 Chicago Ave Evanston, IL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location with high foot and vehicle traffic (20,000 VPD).; - Directly across from Whole Foods.; - Immediate proximity to Northwestern University campus and the lakefront.
    (773) 736-3600
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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
    1611 Chicago Ave Evanston, IL 60201
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