Evanston Free-Standing Building For
1723 Simpson Streets Evanston, IL 60201
1723 Simpson Streets, Evanston, IL, 60201
$485,000
For Sale
$485,000
Free-standing building with long-term lease in place.
Days on Market203
Property Features for 1723 Simpson Streets
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing agency
DIMEL REALTY INC
(847) 903-7279
Listed by
SAMI YONAN
Source
Corcoran
Added: Dec 30, 2025 Updated: Jul 6 at 9:59AM Checked: Jul 21 at 5:04AM
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 DIMEL REALTY INC
Investment Insights
Based on property information with market context.
This free-standing building is available for sale and is currently under a 10-year lease with a 10-year option held by a well-established organization, presenting an investment opportunity. The building is zoned B1 and has been renovated and is in good condition. Upgrades include a new HVAC system (furnace and AC), new windows installed in 2020, and new ceilings, flooring, and an ADA-compliant bathroom installed in 2019. The roof is over 10 years old. The tenant upgraded the electrical system with three new electric panels providing 600 amp service. The property includes two outside parking spaces and is located on Simpson Street in Evanston, IL.
Key Highlights
- 10‑year lease with a 10‑year option provides long‑term investment security.
- Well‑established organization holds the lease, ensuring reliable tenancy.
- Zoned B1, offering versatile business opportunities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Meals on Wheels Northeastern ...
Charitable Organization
Similar For Sale Nearby
Similar Off Market Nearby
- May Floral — 1705 Simpson St, Evanston, IL 60201
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FAQs
What type of property is this?
Storefront property - Free-standing building with long-term lease in place.
Where is this storefront property located?
The property is located at 1723 Simpson Streets Evanston, IL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 10‑year lease with a 10‑year option provides long‑term investment security.; Well‑established organization holds the lease, ensuring reliable tenancy.; Zoned B1, offering versatile business opportunities.
