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    OFF-MARKET
    Retail properties & Spaces

    1500 Sherman Ave, Evanston, IL 60201

    5,102 SF
    Property ID
    Property summary
    AI-generated overview

    Albion Evanston offers an exceptional opportunity for retail businesses seeking a prime location in the heart of downtown Evanston, Illinois. This property, located at 1500 Sherman Avenue, boasts a total of 5,102 square feet of retail space currently available for lease. The building is comprised of two distinct spaces: a larger south-facing retail area encompassing approximately 5,102 square feet, and a smaller north-facing space measuring approximately 1,988 square feet. Both spaces are currently vacant, presenting a unique chance for a single tenant to occupy the entire building or for two separate businesses to establish themselves in this vibrant commercial district. The property's previous use as a coffee shop provides a ready-made layout and infrastructure, potentially reducing initial build-out costs. The address is situated on Sherman Avenue, a bustling thoroughfare known for its high foot traffic and visibility, ensuring maximum exposure for any tenant. The property is located in Cook County, Illinois, and benefits from the strong economic activity and dense population of Evanston, a highly desirable city in the Chicago metropolitan area. The zip code is 60201. This is an ideal location for a variety of retail concepts, offering a blend of convenience and high-profile exposure. The property's size and layout offer flexibility for a range of businesses.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 5,102 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Albion Evanston Apartment Complex Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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