Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    828 Davis St Evanston, IL 60201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr

    Office space for rent at 828 Davis Street, Evanston.

    Property Features for 828 Davis St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Robert Klairmont
    Source: Corcoran

    Listing Agent: Robert Klairmont

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

    Learn more

    Property Insight Report

    Overview

    Evanston Office Space Available

    Office space is available for rent at 828 Davis Street in Evanston, Illinois. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indigo Spring Healing Reiki Therapist H&R Block Tax Preparation Service THE DUNCAN*S Dawn Skin ... Spa Vobal Technologies, LLC Telecommunications Service Provider Kolbrook Design, Inc. Architecture Firm

    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
    -87.683256
    Latitude
    42.0468545

    Nearby Similar for Lease

    • Contact for pricing

      Evanston Office Space For Rent

      Second story office space in the Hill Art District.
      1601 Simpson St, Evanston, IL 60201
      View Details
    • Contact for pricing

      Evanston Office Space For Rent

      Private office space in Evanston's arts district. Flexible and cool.
      1124 Florence Ave, Evanston, IL 60202
      View Details
    • $30 SF/Yr
      1,400 SF

      Evanston Retail Space For Lease

      Prime retail space ideal for QSR concept near Metra.
      2114 Central St, Evanston, IL 60201
      View Details
    • $23 SF/Yr

      Evanston Restaurant/Retail Opportunity Near Northwestern

      Second-generation restaurant/retail space in downtown Evanston near Northwestern University.
      1563 Sherman Ave, Evanston, IL 60201
      View Details
    • $23 SF/Yr

      Evanston Restaurant/Retail Opportunity Near Campus

      Second-generation restaurant/retail space near Northwestern University campus.
      1563 Sherman Ave, Evanston, IL 60201
      View Details
    • $35 SF/Yr
      1,250 SF

      Evanston Retail Space For Rent

      1,250 SF retail space with flexible configuration in Evanston.
      2603-2609 Broadway Ave, Evanston, IL 60201
      View Details
    • Contact for pricing

      Evanston Office Space For Rent

      Private office space in Evanston's arts district. Flexible layouts.
      1124 Florence Ave, Evanston, IL 60202
      View Details
    • $23 SF/Yr

      Corner Retail Space Available

      1750 SF corner space ideal for restaurant or retail.
      1934 Maple Ave, Evanston, IL 60201
      View Details
    • Contact for pricing

      Evanston Private Office Space Available

      Private office space in Evanston's arts area for rent.
      1124 Florence Ave, Evanston, IL 60202
      View Details
    • $2,500 /Mo
      732 SF

      Evanston Retail or Office Space

      732 SF retail/office space in Downtown Evanston.
      617-627 Grove St, Evanston, IL 60201
      View Details
    • $3,729 /Mo

      Evanston Apartment Near Northwestern University

      Apartment in Evanston near Northwestern, shops, and restaurants.
      1715 Chicago Ave, Evanston, IL 60201
      View Details
    • $36 SF/Yr

      Prime Evanston Retail Corner Space

      Retail corner space in high-traffic Evanston location near Northwestern.
      1000 Foster St, Evanston, IL 60201
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent at 828 Davis Street, Evanston.
    Where is this office space located?
    The property is located at 828 Davis St Evanston, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Office space for rent; - Located at 828 Davis Street, Evanston; - Built in 1930
    (773) 736-6461
    Request Owner's contact information
    828 Davis St Evanston, IL 60201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    828 Davis St
    Evanston, IL 60201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    828 Davis St Evanston, IL 60201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Klairmont
    (773) 736-6461
    Learn more
    Google sign-in failed. Please try again or use another login method.