618 Davis StEvanston, IL 60201

Property Details for 618 Davis St

Year built

1908

Lot size

0.15 AC

Property type

Retail properties

Property subtype

Retail space

APN

11-18-312-016

APU

1118312016

Description

This exceptional retail property, located at 618 Davis Street in the heart of downtown Evanston, Illinois, offers an unparalleled opportunity for a discerning business owner. Boasting approximately 12,000 square feet of space, this property provides ample room for a variety of retail ventures. A significant advantage is the impressive approximately 55 feet of frontage on Davis Street, ensuring high visibility and accessibility for potential customers. The property benefits from a consistently high daytime population, driven by the strong local demographics and the close proximity to Northwestern University, creating a robust and reliable customer base. This prime location guarantees significant foot traffic and exposure, making it an ideal setting for a thriving business. The property's history demonstrates a strong income stream, further solidifying its value and potential for future success. This is a rare opportunity to acquire a well-established retail space in a highly desirable and lucrative location within Evanston's vibrant downtown area. The property is priced at $2,300,000 and is ready for immediate occupancy. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,823,114

  6.5%

  $2,605,951

  7%

  $2,419,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,094,107

  Geo Method

  $2,094,107

• Alternative Use

  Use

  Valuation

  Residential

  $2,198,217

  Hospitality

  $2,013,555

  Educational

  $1,675,254

  Medical

  $1,732,869

  Retail

  $2,605,951

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0463

Longitude

-87.6808

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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