523 Davis St Evanston, IL 60201
This exceptional 1200-square-foot commercial space at 523 Davis Street in Evanston, Illinois, presents a unique opportunity for a variety of retail or restaurant businesses. Located in the heart of downtown Evanston, this property boasts a highly visible position just off the corner of Chicago and Davis Streets, ensuring significant foot traffic and exposure. The space is currently vacant and offers a blank canvas for a tenant to customize to their specific needs. The property is zoned D-3, allowing for a wide range of commercial uses. The building's total square footage is 1200 square feet, all of which is currently available. This "vanilla box" delivery provides flexibility for build-out and design, allowing for a truly bespoke space. The previous tenant operated a restaurant, suggesting the space is well-suited for food service, but the zoning allows for a variety of other retail uses. The property is situated in Cook County, Illinois, and has a 60201 zip code. This prime location offers unparalleled access to a vibrant and affluent community, making it an ideal investment for any discerning business owner seeking a high-impact presence in a thriving downtown area. The property's address is 523 Davis Street.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.