Property profile

1609 Chicago Ave Chicago, IL 60622

OFF-MARKET
Retail properties & Spaces
1,350 SF
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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

Location

1609 Chicago Ave Chicago, IL 60622
Chicago metro
Google Maps

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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