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Property profile & analytics
OFF-MARKET
Office Spaces

1607 Simpson Steet Evanston, IL 60201

16,940 SF
Property ID
Property summary
AI-generated overview

This exceptional 1,700 square foot office space, located at 1607 Simpson Street, Unit 1F in Evanston's vibrant Hill Arts District, presents a unique opportunity. The street-level unit boasts abundant natural light and a flexible layout ideal for various uses, including offices or clinics. The space includes a welcoming reception area, multiple private offices or workspaces, a dedicated conference room, and two restrooms. High-speed internet access is facilitated by readily available CAT5 fiber. One designated off-street parking space is provided, supplementing the ample street parking options. This prime location offers unparalleled convenience, situated just three blocks west of Green Bay Road, a major thoroughfare with over 20,000 vehicles daily. Public transportation is easily accessible, with bus stops nearby and a short walk to CTA and Metra service. Northwestern University, a diverse array of shops, restaurants, and entertainment venues are all within walking distance. The building itself underwent a complete renovation in 2003 and benefits from ongoing professional local management. The City of Evanston offers attractive incentives, including TIF, grants, and facade improvement programs, which can be explored with the building owner. The total building size is 16,940 square feet, situated on a 0.3-acre lot. This single-tenant space is part of a larger commercial building in Cook County.

Property profile
Verified
Property type Office Spaces
Total area 16,940 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
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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