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    OFF-MARKET
    Retail properties & Spaces

    1609 Chicago Ave, Chicago, IL 60622

    1,350 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,350-square-foot single-tenant office space is ideally located in downtown Evanston, directly across from Whole Foods. Currently configured as a chiropractic office, this versatile space is suitable for a variety of businesses. The layout includes a customer seating area with reception desk, a large main room with a connected smaller office, and access to a 280-square-foot basement. Additional amenities include a kitchenette and a separate bathroom. The property offers convenient rear access to the lobby of The Merion, a senior living community, providing potential for servicing both building residents and the general public. This vibrant downtown location boasts high foot traffic (20,000 vehicles per day on Chicago Avenue), proximity to Northwestern University, the lakefront, Davis Metra station, and the Dempster L-stop. The area is rich with retail, dining, and entertainment options, including co-tenants such as Tapas Barcelona, Edessa’s Hair Salon, 527 Café, Ubreakifix, and Picnic restaurant, as well as numerous nearby businesses and hotels. The property is zoned D3 in Cook County.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,350 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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