2600 Gross Point RdEvanston, IL 60201

Property Details for 2600 Gross Point Rd

Year built

1951

Lot size

0.15 AC

Property type

Retail properties

Property subtype

Retail space

APN

05-33-318-032

APU

533318032

Description

This exceptional 4,888 square foot office building presents a fantastic owner-user opportunity in Evanston, Illinois. Situated on a high-traffic corner lot at 2600 Gross Point Road, this property boasts exceptional visibility and accessibility. Originally constructed in 1956 and extensively renovated in 2002, the building offers a blend of modern amenities and classic charm. The interior layout includes a variety of spaces to suit diverse business needs, featuring private offices, multiple conference rooms, an on-site exercise room, and expansive open work areas perfect for collaborative environments. The two-level layout provides ample space for growth and flexibility. Practical features include a convenient two-car garage, a robust gas forced air HVAC system ensuring year-round comfort, a durable roof for lasting protection, and a reliable 120/240 Volt electrical supply. Four private washrooms, two of which include showers, add to the convenience and functionality of the space. This versatile property is ideally suited for a range of businesses seeking a prestigious and well-equipped location in a thriving community. The asking price is $699,000. This is a rare opportunity to acquire a fully renovated, high-visibility commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,845,681

  6.5%

  $2,626,782

  7%

  $2,439,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,110,847

  Geo Method

  $2,110,847

• Alternative Use

  Use

  Valuation

  Residential

  $2,215,789

  Hospitality

  $2,029,651

  Educational

  $1,688,646

  Medical

  $1,746,721

  Retail

  $2,626,782

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0649

Longitude

-87.7281

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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