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    2454 Oakton St Evanston, IL 60202

    Sponsored
    For Sale
    $6,295,714

    High-ROI Retail Investment. Strong Tenant.

    Property size:
    67,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 67,800 square foot, single-tenant retail property located at 2454 Oakton St, Evanston, IL 60202. The property, built in 2016 and situated on an 115,535 square foot lot, is currently 100% occupied by TOCA Soccer & Sports Centers under a NNN lease with 9.8 years remaining. The lease features annual 3% rent increases and two 5-year options, ensuring consistent income growth. The property boasts a strong 7.00% cap rate and a Net Operating Income (NOI) of $440,700, with an asking price of $6,295,714 ($92.86/sq ft). TOCA, a rapidly expanding sports facility operator with 35+ locations across the US and Canada, benefits from its prime location within the Chicago MSA, a top-3 US market, and enjoys excellent accessibility via highway and public transit. The surrounding area boasts an average household income exceeding $114,000 within a 10-mile radius, indicating a strong and affluent demographic. This state-of-the-art facility represents a rare opportunity to acquire a high-performing commercial asset in the desirable Chicago North Shore market. The tenant's strong financial backing and proven track record provide significant investor confidence. This is a compelling investment with substantial long-term potential.

    Property Features for 2454 Oakton St

    General Information

    Property type
    Retail properties
    Square Feet
    67,800 SF

    Building Details

    Year Built
    2016
    Property Profile Location Intelligence

    Current Use by Public Records

    TOCA Soccer and Sports ... Sports Complex Chicago Pandas Soccer ... School Center North - Shore Basketball ... Youth Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.707772
    Latitude
    42.0248887

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    FAQs

    What type of property is this?
    Retail property - High-ROI Retail Investment. Strong Tenant.
    Where is this retail property located?
    The property is located at 2454 Oakton St Evanston, IL.
    What is the asking price?
    The asking price for this property is $6,295,714.
    (833) 356-3502
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    2454 Oakton St Evanston, IL 60202
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    Evanston, IL 60202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2454 Oakton St Evanston, IL 60202
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