Evanston Retail Space For
For Lease
Contact for pricing
1611 Chicago Ave, Evanston, IL
Retail space in a dynamic downtown location near Northwestern University.
Space Size1,350 SF
Lot Size1.03 Acres
Days on Market1223
Property Features for 1611 Chicago Ave
General Information
Standard status
Active
Size
1,350 SF
Lot size
1.03 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Spaces For Lease
at 1611 Chicago Ave
1611 Chicago Ave
$28/SF/Yr
Floor
1
Size
1,350 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Across from whole foods
- Located in the merion – a senior living community.
- Dynamic downtown location surrounded by retail, dining and entertainment.
- Steps from northwestern university campus and the lakefront.
- Take advantage of the density and strong daytime traffic. 20,000 vpd travel along chicago ave.
- Steps to davis metra and dempster l-stop.
- Co-tenants of the merion include tapas barcelona, edessa’s hair salon, 527 café, ubreakifix, and picnic restaurant
- Nearby businesses include giordano’s, patisserie coralie, at&t, pnc bank, prairie moon, pet’s coffee & tea, shang noodles & chinese, and much more.
- Nearby hotels include holiday inn, graduate evanston, hyatt house, and hilton orrington.
Contact us
Listing Agency:
Strauss Realty, Ltd.
(773) 736-3600
Listed By:
Patrick Duffy · License #475140988
(312) 278-3772
Source:
Moodyscre
Added: Jun 20, 2023
Changed: Oct 7
Last Checked: Oct 23 at 6:03AM
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 Strauss Realty, Ltd.
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Investment Insights
Based on property information with market context.
This 1350-square-foot retail space is situated in a dynamic downtown Evanston location, across from Whole Foods and within The Merion, a senior living community. The property benefits from its proximity to Northwestern University campus and the lakefront. A high volume of traffic, with 20,000 vehicles per day, travels along Chicago Avenue. Transportation is readily accessible, with steps to Davis Metra and Dempster L-stop. Co-tenants within The Merion include Tapas Barcelona, Edessa’s Hair Salon, 527 Café, uBreakiFix, and Picnic Restaurant. Nearby businesses include Giordano’s, Patisserie Coralie, AT&T, PNC Bank, Prairie Moon, Pet’s Coffee & Tea, and Shang Noodles & Chinese. Several hotels are also located nearby, including Holiday Inn, Graduate Evanston, Hyatt House, and Hilton Orrington.
Key Highlights
- Prime downtown location with high foot and vehicle traffic (20,000 VPD).
- Directly across from Whole Foods.
- Immediate proximity to Northwestern University campus and the lakefront.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,452
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 21%
Shops & Services 8%
Hotels & Casinos 7%
Whole Foods Market
Groceries
27,788 visits/mo
0.0 miles
Chili's Grill & Bar
Dining
16,800 visits/mo
0.4 miles
Giordano's
Dining
8,543 visits/mo
0.1 miles
Le Peep
Dining
8,108 visits/mo
0.3 miles
Hilton Garden Inn Chicago North Shore/Evanston
Hotels & Casinos
6,792 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Evanston, IL
$25.75 /SF/Yr
Avg Asking Price
$20–$33 /SF/Yr
Price Range
2,259 SF
Avg Space Size
This space is priced 9% above the average of $25.75 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in a dynamic downtown location near Northwestern University.
Where is this retail space located?
The property is located at 1611 Chicago Ave Evanston, IL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Prime downtown location with high foot and vehicle traffic (20,000 VPD).; Directly across from Whole Foods.; Immediate proximity to Northwestern University campus and the lakefront.
