Evanston Free-Standing Building For
For Sale
$485,000
1723 Simpson Streets, Evanston, IL 60201
Free-standing building with long-term lease in place.
Property SizeContact for details
Days on Market235
Property Features for 1723 Simpson Streets
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,212
Amenities
Central air
Central Air Cooling
Listing Agency:
DIMEL REALTY INC
(847) 903-7279
Listed By:
SAMI YONAN
Source:
Corcoran
Added: Dec 30, 2025
Changed: Aug 22
Last Checked: Aug 22 at 7:41AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Electronics 6%
Apparel 3%
Mobil
Shops & Services
7,136 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,908 visits/mo
0.5 miles
Shell
Shops & Services
4,990 visits/mo
0.5 miles
FedEx Office Print & Ship Center
Shops & Services
4,975 visits/mo
0.4 miles
Verizon
Electronics
1,713 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
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- May Floral — 1705 Simpson St, Evanston, IL 60201
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- FlowersFlowers — 1110 Davis St, Evanston, IL 60201
Frequently Asked Questions
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.
