1723 Simpson StEvanston, IL 60201

Property Details for 1723 Simpson St

Year built

1937

Lot size

0.13 AC

Property type

Retail properties

Property subtype

Retail space

APN

10-12-420-014

APU

1012420014

Description

This exceptional free-standing retail building at 1723 Simpson Street in Evanston, Illinois, presents a compelling investment opportunity. The property boasts 3,671 square feet and is situated on a B1-zoned lot. A well-established organization currently holds a 10-year lease with a 10-year option, providing immediate and long-term income potential. The building has undergone significant renovations, ensuring it's in excellent condition. Recent improvements include new windows (2020), new ceilings and flooring (2019), and a newly renovated ADA-compliant bathroom (2019). The roof is estimated to have over 10 years of remaining life, and the HVAC system has an estimated 15+ years of remaining life. Further enhancing the property's value, the tenant recently upgraded the electrical system with three new 600-amp service panels. Two convenient outside parking spaces are also included. This turnkey investment property offers a rare combination of strong tenancy, recent upgrades, and a desirable location in Evanston, Illinois. The property's excellent condition and long-term lease make it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The building's prime location and recent renovations ensure its continued appeal to tenants and investors alike.

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0558

Longitude

-87.697

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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