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Corner Retail/Office Ground-Floor Space
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1416-2529 Central St, Evanston, IL 60201

Ground-floor corner storefront/office space formed from four adjacent units within a 39-unit apartment building.

Property Size787 SF
Days on Market437

Property Features for 1416-2529 Central St

General Information

Standard status Active
Size 787 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: InSite Commercial Realty
Listed By: Ross Goldstein · License #471017886
Source: Moodyscre
Added: May 20, 2025 Changed: Jul 26 Last Checked: Jul 30 at 9:35AM

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 InSite Commercial Realty

Investment Insights

Based on property information with market context.

Street-level retail and office spaces are available on the ground floor and corner of a 39-unit multi-family apartment building. The offering includes four adjacent spaces that have previously been combined into one larger space, as reflected in the available floor plans.

The property is located at 1416-2529 Central St in Evanston, IL, with Central Street METRA only a few blocks away. Ryan Field is scheduled to be completed in summer 2026, which is expected to bring NU football and other collegiate events, plus up to six concerts per year and additional community programming.

This configuration is well suited for businesses that need flexible street-level space within a mixed-use building setting, with the suite layout supporting either an expanded combined footprint or the original multi-space arrangement.

Key Highlights

  • Street‑level retail/office spaces located on the ground floor and corner of a 39‑unit multi‑family apartment building
  • Includes 4 adjacent units combined into one larger space (former tenant configuration); sizes range from 700 to 950 SF
  • Only 3 blocks to Central Street Metra

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store Electrical Service Grocery & Convenience Store Accounting Firm (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,711
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60201, IL

44,652
Population
18,890
Households
2.4
Avg Household Size
33
Median Age
74%
College-Educated
97%
High-School Grad
4.5 sq mi
ZIP Area
9,923
Density / Sq Mi
$92,101
Median Household Income
$42,412
Median Earnings
$1,792
Median Rent
$577,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • May Floral — 1705 Simpson St, Evanston, IL 60201
  • Prestons Florist — 1726 Central St, Evanston, IL 60201

Frequently Asked Questions

What type of property is this?
Storefront property - Ground-floor corner storefront/office space formed from four adjacent units within a 39-unit apartment building.
Where is this storefront property located?
The property is located at 1416-2529 Central St Evanston, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Street‑level retail/office spaces located on the ground floor and corner of a 39‑unit multi‑family apartment building; Includes 4 adjacent units combined into one larger space (former tenant configuration); sizes range from 700 to 950 SF; Only 3 blocks to Central Street Metra
(312) 203-3199 Call to check price and availability
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