1609 Chicago Ave, Chicago, IL 60622
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.