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Restaurant Space with Auditorium
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1560 Sherman Ave, Evanston, IL 60201

Restaurant space includes an attached parking garage and an on-site conferencing setup.

Property Size1,703 SF
Days on Market961

Property Features for 1560 Sherman Ave

General Information

Standard status Active
Size 1,703 SF
Property subtype OFFICE
Lease Type SF/yr

Amenities

Restaurant
Auditorium
Banking
Conferencing Facility
Food Service
Attached Parking Garage
Energy Star Labeled
on-site property management
Listing Agency: Cushman & Wakefield - Corporate
Listed By: Steven Holmberg
Source: Moodyscre
Added: Dec 13, 2023 Changed: Jul 28 Last Checked: Jul 30 at 1:13PM

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 Cushman & Wakefield - Corporate

Investment Insights

Based on property information with market context.

This restaurant space includes supporting commercial kitchen functionality and is described as part of an on-site food service environment. The property also notes an auditorium and a conferencing facility, which can support events alongside restaurant operations.

The offering includes access to public transportation via CTA and Metra, with the remarks indicating steps away service. The property also references walkability to nearby retail and services, and it lists an attached parking garage.

Additional noted features include on-site property management and an Energy Star labeled designation.

Key Highlights

  • Restaurant space includes an attached parking garage
  • On‑site property management and a conferencing setup
  • Auditorium and conferencing facility for events and gatherings

Property Analytics

Current Use

Yes ApplianceRepair Evanston, ... Home Appliance Store Healthy Smile Forum Dental Office National Merit Scholarship Charitable Organization ROTARY CLUB OF SAINT-DENIS ... Corporate Office Rotary District 6150 Association Or Organization

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Butcher Tattoo & Piercing Shop

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
$6.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,418
Businesses Nearby
213k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 52% Dining 34% Shops & Services 5% Hotels & Casinos 4%
Trader Joe's Groceries
35,850 visits/mo 0.4 miles
Jewel-Osco Groceries
32,560 visits/mo 0.4 miles
Whole Foods Market Groceries
27,788 visits/mo 0.2 miles
Chili's Grill & Bar Dining
16,800 visits/mo 0.4 miles
Binny's Beverage Depot Groceries
14,506 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space includes an attached parking garage and an on-site conferencing setup.
Where is this conventional restaurant located?
The property is located at 1560 Sherman Ave Evanston, IL.
What is the lease rate?
The lease rate is $44 SF/Yr.
What are key features of this property?
This property features: Restaurant space includes an attached parking garage; On‑site property management and a conferencing setup; Auditorium and conferencing facility for events and gatherings
(312) 470-1895 Call to check price and availability
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