Corner Redevelopment Land
For Sale
Contact for pricing
1240 Chicago Ave, Evanston, IL 60202
Multi-parcel corner land is offered with an option to assemble approximately 24,400 SF for redevelopment.
Property SizeContact for details
Lot Size0.56 Acres
Days on Market132
Property Features for 1240 Chicago Ave
General Information
Standard status
Active
Lot size
0.56 Acres
Property subtype
Land
Additional Details
Road Access
Yes
Listing Agency:
CBRE - Chicago
(312) 972-4381
Listed By:
Dominic Soltero · License #IL 475.153308
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Chicago
Investment Insights
Based on property information with market context.
This offering presents redevelopment land at a corner location, with options for assembling two parcels. Investors can purchase 1240 Chicago (Option A, approximately 17,056 SF) or purchase 614 Dempster and vacate an alley (Option B, approximately 7,340 SF) to assemble a total of approximately 24,400 SF.
The parcels are described as being one block south of downtown Evanston and within a short walk of the Dempster CTA station. The seller notes a potential development scenario for a mixed-use building with a maximum height of 57 feet and up to 75 units or more, subject to applicable approvals.
This is a land-only acquisition with redevelopment planning centered on achieving the desired assembled footprint and development parameters for the proposed mixed-use build.
The parcels are described as being one block south of downtown Evanston and within a short walk of the Dempster CTA station. The seller notes a potential development scenario for a mixed-use building with a maximum height of 57 feet and up to 75 units or more, subject to applicable approvals.
This is a land-only acquisition with redevelopment planning centered on achieving the desired assembled footprint and development parameters for the proposed mixed-use build.
Key Highlights
- Multi‑parcel corner land with options to assemble approximately 24,400 SF for redevelopment at Chicago and Dempster.
- Option A: purchase 1240 Chicago for approximately 17,056 SF.
- Option B: purchase 614 Dempster and vacate alley for approximately 7,340 SF.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,967
Businesses Nearby
Explore this area
Business Placement
Demographics for 60202, IL
33,245
Population
15,024
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
96%
High-School Grad
3.1 sq mi
ZIP Area
10,724
Density / Sq Mi
$101,087
Median Household Income
$57,720
Median Earnings
$1,612
Median Rent
$381,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Multi-parcel corner land is offered with an option to assemble approximately 24,400 SF for redevelopment.
Where is this commercial land located?
The property is located at 1240 Chicago Ave Evanston, IL.
What are key features of this property?
This property features: Multi‑parcel corner land with options to assemble approximately 24,400 SF for redevelopment at Chicago and Dempster.; Option A: purchase 1240 Chicago for approximately 17,056 SF.; Option B: purchase 614 Dempster and vacate alley for approximately 7,340 SF.
