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Divisible Retail and Restaurant Space

1621-31 Chicago Ave., Evanston, IL 60201

For Lease
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Ground-floor space in a new 110-unit residential development is targeted for delivery in fall 2027.

Space Size1,013 SF - 3,569 SF
Days on Market33

Property Features for 1621-31 Chicago Ave.

General Information

Standard status Active
Size 1,013 SF - 3,569 SF
Property subtype Retail, Restaurant

Space & Availability

Divisible Yes
Available From 2027-Q4

Spaces For Lease

at 1621-31 Chicago Ave. Contact us

Retail 1 Active

Size 1,583 SF
Contact us

Retail 2 Active

Size 1,013 SF
Contact us

Retail 3 Active

Size 3,569 SF
Contact us
Listing Agency: Strauss Realty
Listed By: Craig Wolf
Source: Crexi
Added: Oct 9 Changed: Nov 8 Last Checked: Nov 10 at 5:09AM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Retail and restaurant space is planned at street level within a new high-rise residential development in Evanston. The available area is divisible, allowing the space to be configured into separate premises.

The building is planned to contain 110 residential units, with delivery targeted for fall 2027. The property is at 1621-31 Chicago Ave.

Key Highlights

  • Retail and restaurant premises can be divided
  • At the base of a planned 110‑unit residential building
  • Target delivery: fall 2027

Property Analytics

Current Use

Retail space

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

4,452
Businesses Nearby
131k
Monthly Visits Nearby

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

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

Properties on Market for Retail space in Evanston

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor space in a new 110-unit residential development is targeted for delivery in fall 2027.
Where is this retail space located?
The property is located at 1621-31 Chicago Ave. Evanston, IL.
What are key features of this property?
This property features: Retail and restaurant premises can be divided; At the base of a planned 110‑unit residential building; Target delivery: fall 2027
(847) 989-9653 Call to check price and availability
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