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Retail Space Near Transit
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1600-1620 Sherman Ave, Evanston, IL 60201

Public parking garage provides direct interior access to the property.

Space Size1,829 SF
Days on Market850

Property Features for 1600-1620 Sherman Ave

General Information

Standard status Active
Size 1,829 SF
Property subtype RETAIL

Amenities

Public parking garage with direct interior access

Spaces For Lease

at 1600-1620 Sherman Ave Contact us

1600 - 1620 Sherman Ave

Floor
1
Size
1,829 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Located at Evanston's most desirable retail intersection - Adjacent to the CTA...
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Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Brendan Reedy
Source: Moodyscre
Added: Apr 16, 2024 Changed: Aug 8 Last Checked: Aug 13 at 3:27AM

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 Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

The property offers 1,829 square feet of retail space at 1600-1620 Sherman Ave in Evanston, Illinois. The space is adjacent to the CTA Purple Line, providing access to a transit route with over 1.2 million passengers per year.

The property is 4 blocks from Northwestern University and includes access to a public parking garage with direct interior access. Its location at a retail intersection and proximity to transit, parking, and the university support a range of storefront retail uses.

Key Highlights

  • 1,829 square feet of retail space
  • Adjacent to the CTA Purple Line, with over 1.2 million passengers per year
  • 4 blocks from Northwestern University

Property Analytics

Current Use

Sherman Plaza Business Service Center

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

4,282
Businesses Nearby
182k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 61% Dining 27% Shops & Services 5% Home Improvements & Furnishings 3%
Trader Joe's Groceries
35,850 visits/mo 0.2 miles
Jewel-Osco Groceries
32,560 visits/mo 0.2 miles
Whole Foods Market Groceries
27,788 visits/mo 0.4 miles
Binny's Beverage Depot Groceries
14,506 visits/mo 0.3 miles
Giordano's Dining
8,543 visits/mo 0.3 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

Lease Benchmarks for Evanston, IL

$25.17 /SF/Yr
Avg Asking Price
$17–$33 /SF/Yr
Price Range
6,067 SF
Avg Space Size

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?
Retail space - Public parking garage provides direct interior access to the property.
Where is this retail space located?
The property is located at 1600-1620 Sherman Ave Evanston, IL.
What are key features of this property?
This property features: 1,829 square feet of retail space; Adjacent to the CTA Purple Line, with over 1.2 million passengers per year; 4 blocks from Northwestern University
(630) 954-7390 Call to check price and availability
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