Two-Tenant Corporate Retail
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For Sale
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1901 Green Bay Road, Evanston, IL 60201
Fully leased retail center occupied by two established corporate tenants in Evanston’s dense North Shore trade area.
Property SizeContact for details
Days on Market4
Property Features for 1901 Green Bay Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #1974375
(949) 942-6585
Source:
Crexi
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 16 at 2:47PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This fee-simple retail center is fully leased to Sherwin-Williams and Hertz in a two-tenant configuration. Sherwin-Williams has extended its lease through May 2037, while Hertz has operated at the property since 2012 and exercised two 3-year renewal options. Sherwin-Williams represents approximately 80% of rental income and carries Moody’s Baa2 and S&P BBB ratings. The property reflects a 6.65% cap rate and includes corporate tenancy under triple net lease terms.
The center occupies a hard corner at Green Bay Road and Emerson Street in Evanston, with reported traffic volumes of 12,300 VPD and 10,300 VPD, respectively. The surrounding three-mile area includes approximately 169,500 residents with average household incomes exceeding $131,000; the five-mile area includes more than 413,000 residents. The property is also identified as the only Hertz location on Chicago’s North Side.
The center occupies a hard corner at Green Bay Road and Emerson Street in Evanston, with reported traffic volumes of 12,300 VPD and 10,300 VPD, respectively. The surrounding three-mile area includes approximately 169,500 residents with average household incomes exceeding $131,000; the five-mile area includes more than 413,000 residents. The property is also identified as the only Hertz location on Chicago’s North Side.
Key Highlights
- 100% occupied by Sherwin‑Williams and Hertz
- Sherwin‑Williams lease extended through May 2037
- Hertz has operated at the property since 2012 and exercised two, 3‑year renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,425
Businesses Nearby
95k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 21%
Home Improvements & Furnishings 7%
Hotels & Casinos 7%
Chili's Grill & Bar
Dining
16,800 visits/mo
0.3 miles
Le Peep
Dining
8,108 visits/mo
0.4 miles
Mobil
Shops & Services
7,136 visits/mo
0.2 miles
Hilton Garden Inn Chicago North Shore/Evanston
Hotels & Casinos
6,792 visits/mo
0.2 miles
Starbucks
Dining
6,262 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
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center occupied by two established corporate tenants in Evanston’s dense North Shore trade area.
Where is this shopping center located?
The property is located at 1901 Green Bay Road Evanston, IL.
What is the asking price?
The asking price for this property is $2,266,000.
What are key features of this property?
This property features: 100% occupied by Sherwin‑Williams and Hertz; Sherwin‑Williams lease extended through May 2037; Hertz has operated at the property since 2012 and exercised two, 3‑year renewal options
