Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Nwc Howard St & Sacramento Ave Evanston, IL 60202

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four prime retail lots, strong anchors.

    Property size:
    6,400 SF

    Property Features for 0 Nwc Howard St & Sacramento Ave

    General Information

    Property type
    Land
    Square Feet
    6,400 SF
    Lot Size
    105,851 SF

    We can help!

    Listing Contact
    Mario Melone
    Mario Melone

    Listing Agency: CBRE Oak Brook Listing Agent: Mario Melone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents four premier outparcel development sites totaling 2.43 acres, ideally situated at the northwest corner of Howard Street and Sacramento Avenue in Evanston, Illinois (zip code 60202). The property benefits from its location within a thriving shopping center anchored by major retailers including Target, Jewel-Osco, Best Buy, and Office Max. The outparcels are subject to Target's standard use restrictions and an operating and easement agreement between Target, Jewel-Osco, and Best Buy. Development options include: Outparcel 1 & 2 allow for a single 7,000 square foot building or two buildings with a combined maximum of 8,000 square feet. Outparcel 4 offers a 6,400 square foot building site, and Outparcel 5 provides a 6,650 square foot building site. This location offers high visibility and accessibility, making it an attractive proposition for a variety of retail uses. The opportunity is ideal for developers seeking to capitalize on the strong existing retail presence and high traffic volume in this established Evanston commercial corridor. Detailed site plans and development guidelines are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6827676
    Latitude
    42.0301291

    Nearby Similar for Sale

    • $499,000
      0.22 Acres

      Evanston Retail Business Opportunity

      Established Evanston liquor store business for sale in prime location.
      1019 Davis St, Evanston, IL 60201
      View Details
    • $685,000

      Evanston Two-Flat with Modern Comforts

      Spacious two-flat in desirable Evanston neighborhood with updated amenities.
      1321 Brummel St, Evanston, IL 60202
      View Details
    • New
      $290,000

      Evanston Retail Condo For Sale

      Highly visible retail condo in the heart of Evanston Business District.
      2611 Prairie Ave, Evanston, IL 60201
      View Details
    • $449,000
      0.11 Acres

      Evanston Two-Unit Investment Opportunity

      Well-maintained two-unit property in Evanston's desirable neighborhood.
      1213 Darrow Ave, Evanston, IL 60202
      View Details
    • $899,900

      Renovated Brick Two-Flat in Evanston

      Gut-rehabbed two-flat near parks, transportation, and schools.
      704 Florence Ave, Evanston, IL 60202
      View Details
    • $598,000
      0.04 Acres

      Evanston Mixed-Use Historic Property

      Charming 3-level property near downtown Evanston and Metra Station.
      834 Custer Ave, Evanston, IL 60202
      View Details
    • $599,000
      0.04 Acres

      Evanston Mixed-Use/Live-Work Opportunity

      Historic 3-level property near Metra, ideal for retail/office/live-work.
      834 Custer Ave, Evanston, IL 60202
      View Details
    • Contact for pricing
      7,500 SF

      Evanston Restaurant/Retail Opportunity For Sale

      7,500 SF restaurant/retail space in downtown Evanston, Illinois.
      1557-63 Sherman Ave, Evanston, IL 60201
      View Details
    • $145,000

      Evanston Co-op with Lake Access

      Move-in ready 1 bed co-op near transportation and amenities.
      1585 Ridge Ave, Evanston, IL 60201
      View Details
    • Contact for pricing

      Vintage Condo Near Lake Michigan

      Spacious vintage condo in Evanston's Lakeshore Historic District.
      918 Michigan Ave, Evanston, IL 60202
      View Details
    • $6,250,000
      67,800 SF

      Evanston NNN Investment Opportunity

      NNN single tenant sports facility investment opportunity in Evanston, Illinois.
      2454 Oakton St, Evanston, IL 60202
      View Details
    • Contact for pricing

      Updated Condo Near Central Street

      Updated 2-bedroom, 2-bath condo near shops, dining, and transit.
      2730 Central St, Evanston, IL 60201
      View Details

    FAQs

    What type of property is this?
    Land - Four prime retail lots, strong anchors.
    Where is this land located?
    The property is located at Nwc Howard St & Sacramento Ave Evanston, IL.
    What are key features of this property?
    This property features: Northwest corner of Howard Street and Sacramento Avenue, Evanston.; Outparcels in a shopping center anchored by Jewel-Osco, Best Buy, and Target.; Office Max also located within the shopping center.
    (630) 573-7112 Call to check price and availability
    Request Owner's contact information
    Nwc Howard St & Sacramento Ave Evanston, IL 60202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Nwc Howard St & Sacramento Ave
    Evanston, IL 60202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Nwc Howard St & Sacramento Ave Evanston, IL 60202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mario Melone
    Mario Melone
    (630) 573-7112 (708) 921-5731 (312) 935-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.