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Property profile & analytics
OFF-MARKET
Retail space

1227 Dodge Ave Evanston, IL 60202-1097

0.18 ac lot Built 1936
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US28-1231799
Property summary
AI-generated overview

This unique, multi-tenant office building, known as the Martay Building, is situated at 1227 Dodge Avenue in Evanston, Illinois, Cook County, zip code 60202. Originally constructed as corporate headquarters, this charming two-story stone and brick building has undergone recent renovations. Improvements include updated décor throughout, energy-efficient electrical wiring, and cable wiring. The lower level features a complete conference room with a wet bar. The building's safety features have been enhanced with new fire escapes on the south side and updated fire and safety systems. Heating is provided by four furnaces (two new). Exterior improvements include a roof replacement (2006), new landscaping (2007), and parking lot repairs (2007). Interior upgrades also include new ceilings and lighting (2008). The building is classified as Class C and is suitable for executive, medical, or traditional office uses. The asking price for this Evanston property is $350,000.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1936
Lot 0.18 ac (7,825 SF)
APN 10-24-200-040
UPID US28-1231799
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Haitian Congress Pac Org Medical Clinic
  • Delivery 2 You LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dgutzmann 1227 LLC · 1 yrs held
Dgutzmann 1227 LLC
since 2025
2 recorded transactions
2025
$350,000
2004
$310,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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