Property profile

0 Nwc Howard St & Sacramento Ave Evanston, IL 60202

OFF-MARKET
Retail properties & Spaces
7,000 SF 0.58 ac lot
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Property summary

AI-generated overview

This exceptional 0.58-acre outparcel presents a lucrative investment opportunity in Evanston, Illinois. Located at the northwest corner of Howard Street and Sacramento Avenue, this 7,000 square foot lot boasts a prime location within a thriving shopping center anchored by major retailers including Target, Jewel-Osco, Best Buy, and Office Max. The asking price is $675,000, translating to $96.43 per square foot. This property is ideal for a variety of retail developments, benefiting from the high foot traffic and strong brand recognition of its neighboring establishments. Potential buyers should be aware that the property is subject to Target's Standard Use Restrictions and an Operating and Easement Agreement between Target, Jewel-Osco, and Best Buy. The property's address is clearly identified as the Northwest corner of Howard Street and Sacramento Avenue, Evanston, IL 60202, in Cook County. This presents a unique chance to establish a successful retail presence in a high-demand area with established consumer traffic. The property's strategic location and proximity to major retailers make it an attractive investment for both established businesses and new ventures seeking a strong foothold in the Evanston market. Detailed legal documents outlining the use restrictions and easement agreement are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,000 SF
Lot 0.58 ac (25,265 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nwc Howard St & Sacramento Ave Evanston, IL 60202
Evanston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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