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Mixed-Use Property with Garages
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904-914 Sherman Avenue, Evanston, IL 60202

Income-producing configuration combines studio apartments, ground-floor retail, and indoor garage parking.

Property Size30,000 SF
Lot Size0.48 Acres
Days on Market80

Property Features for 904-914 Sherman Avenue

General Information

Standard status Active
Size 30,000 SF
Total Parking Spaces 19
Lot size 0.48 Acres
Property subtype Multifamily

Units

Unit Mix 24 x studio
Multifamily Units 24

Additional Details

Public Transit Yes

Building Details

Building Size 30,000 SF
Year Built 1928
Tenancy Multi
Listing Agency: SVN | Chicago - Corporate
Listed By: Reid Bennett, CCIM
Source: Svn
Added: Jun 17 Changed: Aug 30 Last Checked: Aug 31 at 2:17PM

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 SVN | Chicago - Corporate

Investment Insights

Based on property information with market context.

Built in 1928, this mixed-use property at 904-914 Sherman Avenue combines 24 studio apartments with 5 ground-floor retail spaces and 19 indoor garage spaces. The residential, retail, and parking components create a varied operating configuration within one property. The site encompasses 0.48 acres, or 20,908 square feet.

The property is in Evanston near the Main Street corridor, a Metra station, downtown Evanston, and the Lake Michigan shoreline. Northwestern University and major employers are also identified as nearby demand drivers. Its location provides access to established commercial, transportation, institutional, and waterfront destinations.

Key Highlights

  • 24 studio apartments
  • 5 ground‑floor retail spaces
  • 19 indoor garage spaces

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Storage Facility Auto Parts Store Electrical Service Butcher (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,844
Businesses Nearby

Demographics for 60202, IL

33,245
Population
15,024
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
96%
High-School Grad
3.1 sq mi
ZIP Area
10,724
Density / Sq Mi
$101,087
Median Household Income
$57,720
Median Earnings
$1,612
Median Rent
$381,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Income-producing configuration combines studio apartments, ground-floor retail, and indoor garage parking.
Where is this mixed-use property located?
The property is located at 904-914 Sherman Avenue Evanston, IL.
What are key features of this property?
This property features: 24 studio apartments; 5 ground‑floor retail spaces; 19 indoor garage spaces
More about this property
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