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Financial
Distress signals
Property profile

500 Davis St Evanston, IL 60201

FOR SALE
Office buildings
Property ID
US28-0957431
0.61 ac lot Built 1977
Last sale Dec 2018 · $32,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A executive office building, located at 500 Davis Street in Evanston, Illinois, offers stunning Lake Michigan views. The property, totaling 125,285 square feet, is a four-story building constructed in 1978 and extensively renovated in 2012. Currently, there are 10 available office spaces ranging in size from 1,190 to 11,267 square feet, perfect for businesses seeking flexible and prestigious office accommodations. The building's prime location in Cook County, with a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$997k
Tax billed · 2022
Assessed value$4.22M
Assessed land$127k
Assessed improvement$4.10M
Effective rate23.61%

Value estimate

· Oct 2026
$545k
$491k – $600k
AI approach$545k
NOI build-up
Gross scheduled income$3.07M
Vacancy & credit loss−$764k
Operating expenses−$576k
NOI · 7,350,957.45% cap applied$1.73M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
County average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$51 – $273

Cap rate analysis

How does the asset earn?
7,350,957.45%
$1.73M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.6
Storage Facility10.5
Smoke and Vape Shop10.5

Location

500 Davis St Evanston, IL 60201
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1601 Sherman, Evanston, IL 60201-3710 $6,500,000 Jan 2021 39,018 SF
820 Davis, Evanston, IL 60201-4431 $6,250,000 Mar 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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