Evanston Restaurant/Retail Opportunity For
1557-63 Sherman Avenue, Evanston, IL 60201
7,500 SF restaurant/retail space in downtown Evanston, Illinois.
Type:Retail
Property size:
7,500 SFPrice / SF:
$0.00/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 6 at 12:38 am
Property Features for 1557-63 Sherman Avenue
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Retail
Properties For Sale
at 1557-63 Sherman Avenue Contact us
Listing agent Wayne Caplan License #475132248 (312) 529-5791
Listing office SVN | Chicago - Corporate (312) 529-5791
Listing date Nov 21, 2025
Source Svnchicago
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 SVN | Chicago - Corporate
HighLights
- Prime downtown Evanston location, steps from Northwestern University
- Fully equipped, second‑generation restaurant space (7,500 SF) minimizes startup costs
- Includes an adjacent parking lot for valet service and customer convenience
- Basement space provides ample storage
- Versatile space suitable for various uses
- Immediate availability for quick occupancy
Overview
This 7,500 SF second-generation restaurant/retail space is located in downtown Evanston, Illinois, near Northwestern University. The space has served Chicago's North Shore community as a high-volume restaurant for many years. It includes substantial existing infrastructure, such as hoods with black-iron venting, walk-in coolers and freezers, prep tables, cooking appliances, tables, and chairs. The restaurant space features a large horseshoe-shaped bar and seating for approximately 200, with multiple areas for standard service, banquets, and parties. A partial basement provides space for storage and back-of-the-house operations. An adjacent parking lot can be used for valet on nights and weekends and daytime parking. The property is suitable for other uses, including daycare, fitness, medical office, and other retail and service uses. The location is on Sherman Avenue between Davis Street and Grove Street, near shops, restaurants, office buildings, and residential areas. The property is close to both Metra and CTA Purple Line stations. The average household income within 1 mile is approximately $130,000, and the average home value is $624,000. Giordano's Pizza is opening in 2026. The property is available immediately.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Similar Places Nearby
- Tastebuds Catering — Evanston, IL 60201
- GSK Catering — 909 Davis St, Evanston, IL 60201
- Falcon Eddy's Barbeque — 825 church st, evanston, il 60201
- Mt. Everest Restaurant — 630 Church St, Evanston, IL 60201
- M J Catering & Events Inc — 533 Davis St, Evanston, IL 60201
Location Insight
- Map
- Local Demand
- City
- Evanston
- County
- Cook
- State
- Illinois
- Longitude
- -87.6817
- Latitude
- 42.0458
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 7,500 SF restaurant/retail space in downtown Evanston, Illinois.
Where is this restaurant located?
The property is located at 1557-63 Sherman Avenue Evanston, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Prime downtown Evanston location, steps from Northwestern University; Fully equipped, second‑generation restaurant space (7,500 SF) minimizes startup costs; Includes an adjacent parking lot for valet service and customer convenience
