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    100 Chicago Ave Evanston, IL 60202

    Sponsored
    For Sale
    $600,000

    Prime 5,000 SF Lot, B-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000 square foot lot presents a unique investment opportunity in the vibrant city of Evanston, Illinois. Located at 100 Chicago Avenue, this property boasts a highly desirable B-3 zoning classification, opening doors to a wide range of commercial and residential development possibilities. The expansive lot size provides ample space for a variety of projects, catering to diverse entrepreneurial visions. Situated in Cook County, with a convenient 60202 zip code, this location offers easy access to major transportation routes, ensuring excellent connectivity and accessibility for potential businesses and residents. The property's address, 100 Chicago Avenue, places it within a thriving community, benefiting from established infrastructure and a dynamic local economy. The asking price for this prime Evanston land is $600,000, representing a compelling investment opportunity in a sought-after location. Serious inquiries are encouraged to explore the full potential of this versatile property and its significant development possibilities. The property is zoned B-3, allowing for a variety of commercial and residential uses, subject to local ordinances and approvals. This presents a rare chance to acquire a substantial lot in a prime Evanston location, ideal for both experienced developers and those seeking a strategic land investment. Don't miss this chance to secure a piece of Evanston's thriving real estate market.

    Property Features for 100 Chicago Ave

    General Information

    Property type
    Land

    HighLights

    • $600,000 asking price.
    • 5,000 square foot land parcel.
    • B‑3 zoning.
    • Located at 100 Chicago Avenue, Evanston, IL 60202.
    • Commercial and residential permitted uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    OKAY Cannabis Dispensary Cannabis Store West Town Bakery Bakery Evanston Gateway Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6765708
    Latitude
    42.0195413

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    FAQs

    What type of property is this?
    Land - Prime 5,000 SF Lot, B-3 Zoning
    Where is this land located?
    The property is located at 100 Chicago Ave Evanston, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price.; 5,000 square foot land parcel.; B-3 zoning.
    (312) 275-3133
    Request Owner's contact information
    100 Chicago Ave 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
    100 Chicago Ave Evanston, IL 60202
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