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    847-851 Chicago Ave Evanston, IL 60202

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    For Lease
    Contact for pricing

    Prime retail space in Evanston near transportation and shopping.

    Property size:
    2,532 SF
    Lot size:
    0.70 Acres

    Property Features for 847-851 Chicago Ave

    General Information

    Size
    2,532 SF
    Lot size
    0.70 Acres

    Source: JLL - Corporate Agent Steve Schwartz

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

    Overview

    Evanston Retail Space For Rent

    This Evanston retail space is located at the base of a 112-unit luxury apartment building. Situated at the intersection of Chicago Avenue and Main Street, The Main is centrally located among local shopping centers, grocers, and restaurants. The property is accessible to residents, commuters, and the Northwestern University student population, with over 20,000 students, being steps away from both the Main Street Metra and Purple Line CTA stations. The property features on-site parking and over 50 feet of frontage. The property has a size of 2532 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -87.6790674
    Latitude
    42.0335692

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in Evanston near transportation and shopping.
    Where is this retail space located?
    The property is located at 847-851 Chicago Ave Evanston, IL.
    What are key features of this property?
    This property features: - Prime Evanston retail location at the base of a 112-unit luxury apartment building.; - Located at the intersection of Chicago and Main, near shopping, grocers, and restaurants.; - Steps from Main Street Metra and Purple Line CTA stations.
    (312) 782-5800
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    Evanston, IL 60202
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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
    847-851 Chicago Ave Evanston, IL 60202
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