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    1600 Sherman Ave Evanston, IL 60201

    For Lease
    Contact for pricing

    Evanston retail, prime location, multiple units.

    Lot size:
    7,546 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Sherman Plaza, located at 1600 Sherman Ave, Evanston, IL 60201, presents a unique opportunity for retail businesses seeking a prime location in Cook County. This multi-tenant property offers four available spaces ranging from 780 square feet to 3,350 square feet, catering to a variety of business needs and sizes. Situated at the highly desirable intersection of Sherman Avenue and Church Street, the property benefits from exceptional visibility and foot traffic. Its strategic location adjacent to the CTA Purple Line ensures convenient access for customers and employees, leveraging the line's impressive ridership of over 1.2 million passengers annually. Furthermore, its proximity to Northwestern University, just four blocks away, provides access to a large student and faculty population. The property also features the convenience of a public parking garage with direct interior access, enhancing the overall shopping experience. This exceptional location, combined with the flexible space options, makes Sherman Plaza an ideal investment for businesses seeking to establish or expand their presence in a thriving Evanston community.

    Property Features for 1600 Sherman Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,546 SF

    Unit(s) available at that property

    Space
    16
    Size
    3,350 SF
    Space
    23
    Size
    1,587 SF
    Space
    24
    Size
    1,829 SF
    Space
    11
    Size
    780 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Essence Acupuncture Studio Acupuncture Clinic PRP BlossomFlow Medical Clinic Wrap Frappé Coffee Shop Heavenston Kitchen Remodeling ... Store Gearhead Outfitters | Evanston ... Outdoor Clothing And Equipment Shop

    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
    -87.681866891542
    Latitude
    42.047885749925

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    FAQs

    What type of property is this?
    Individual retail property - Evanston retail, prime location, multiple units.
    Where is this individual retail property located?
    The property is located at 1600 Sherman Ave Evanston, IL.
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    Evanston, IL 60201
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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
    1600 Sherman Ave Evanston, IL 60201
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