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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1600 Sherman Ave Evanston, IL 60201

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
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
  • Essence Acupuncture Studio Medical Clinic Alternative Medicine Practice
  • PRP BlossomFlow Medical Clinic
  • Wrap Frappé Cafe & Coffee Shop
  • Heavenston Kitchen Remodeling Experts Department Store
  • Gearhead Outfitters | Evanston outdoor gear and apparel store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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