1601 Simpson St Evanston, IL 60201
For Lease
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This three-story, 16,940 square foot building at 1601-1607 Simpson Street in Evanston, Illinois, offers a unique blend of creative and medical office spaces. Located in the vibrant Hill Arts District, this property boasts 11 suites, with a minimum divisible space of 900 square feet and a maximum contiguous space of 3,350 square feet. Currently, 10,440 square feet are available. The building, constructed in 1940 and extensively renovated in 2003, sits on a 12,948 square foot lot and is zoned B-1. One designated off-street parking space is included per suite, with ample street parking also available. Its prime location offers easy access to public transportation, including bus stops, CTA stops at Foster and Noyes, and the Metra station at Central Street. The property is just three blocks west of Green Bay Road, a major thoroughfare with high daily traffic volume. Nearby Northwestern University, numerous shops, restaurants, and entertainment venues provide a dynamic environment. The City of Evanston offers various incentives, including TIF, grants, and facade improvement programs, which can be explored with the building owner. Property taxes are $7.54 per square foot. This professionally managed building presents a compelling opportunity for businesses seeking a vibrant and convenient location.
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Brella Productions Marketing & Advertising (Bike/Boat/Book/etc) Store
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Kelley Management Consulting Business Management Consultant
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Powering Campaigns Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.