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    518 Davis St Evanston, IL 60201

    For Lease
    $12 SF/Yr

    Downtown Evanston office suites, 600-1327 sq ft.

    Lot size:
    5,527 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional office space, located at 518 Davis Street in the heart of downtown Evanston, Illinois, offers a variety of suite sizes ranging from 600 to 1,327 square feet. The property is classified as a Class B building and features multiple tenancy options, making it suitable for a range of businesses. The building's convenient location places it within minutes of the Northwestern University campus, providing easy access for students, faculty, and staff. The address is a prime corner location at the intersection of Chicago Avenue and Davis Street. The property is currently offering free rent, a significant incentive for prospective tenants. A public parking garage is conveniently located next door, ensuring ample parking for employees and clients. The available space is suitable for various uses, including traditional office, executive office, coworking, and medical office spaces. This versatile property presents a unique opportunity for businesses seeking a well-situated and affordable office space in the vibrant downtown Evanston area. The property is available immediately. The building is in Cook County, Illinois, and the zip code is 60201.

    Property Features for 518 Davis St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,527 SF
    Class
    B

    Unit(s) available at that property

    Space
    Suite 201
    Size
    1,000 SF
    Rate per SF
    $12
    Space
    Suite 209
    Size
    1,327 SF
    Rate per SF
    $12
    Space
    Suite 203
    Size
    600 SF
    Rate per SF
    $12
    Space
    Suite 221
    Size
    800 SF
    Rate per SF
    $12
    Space
    Suite 205
    Size
    1,000 SF
    Rate per SF
    $12
    Space
    Suite 217
    Size
    800 SF
    Rate per SF
    $12

    HighLights

    • Class B office suites, 600‑1,327 square feet, available immediately in downtown Evanston, IL.
    • Prime corner location at Chicago Ave & Davis St, near Northwestern University.
    • Multiple tenancy options, suitable for various uses including traditional, executive, co‑working, and medical offices.
    • Free rent offered; public parking garage adjacent.
    • Located in Cook County, IL, zip code 60201.
    Property Profile Location Intelligence

    Current Use by Public Records

    Laura Doyle, LCPC ... Medical Clinic Voyage College Church ... Church Tulloch Property Management Property Management Company Danielle Dragon Psychologist The Couch Method Medical Clinic

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Cook
    State
    Illinois
    Longitude
    -87.6790363
    Latitude
    42.0457769

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Evanston office suites, 600-1327 sq ft.
    Where is this individual retail property located?
    The property is located at 518 Davis St Evanston, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Class B office suites, 600-1,327 square feet, available immediately in downtown Evanston, IL.; Prime corner location at Chicago Ave & Davis St, near Northwestern University.; Multiple tenancy options, suitable for various uses including traditional, executive, co-working, and medical offices.
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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
    518 Davis St Evanston, IL 60201
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