Financial
Distress signals
Property profile

1601 Simpson St Evanston, IL 60201

FOR LEASE
Retail space
Property ID
US28-1770728
6,400 SF 0.16 ac lot Built 1937
Last sale Jan 2013 · $2,340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An office suite (Unit #5) within a commercial building located at 1601 Simpson Street in Evanston, Illinois. The space is configured for address-based professional use and is designated as an office unit within the building; specific interior layout, condition, and included features are not detailed in the provided description and would require confirmation with the listing broker.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$109k
Tax billed · 2022
Assessed value$469k
Assessed land$35k
Assessed improvement$433k
Effective rate23.23%

Value estimate

· Sep 2026
$385k
$347k – $424k
CAP approach$1.37M
Submarket $/SF estimate$1.67M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.4
Storage Facility9.3
Smoke and Vape Shop9.2

Location

1601 Simpson St Evanston, IL 60201
County assessor Recorded deeds · 5 transfers 12 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2650 Grn Bay, Evanston, IL 60201-1422 $1,650,000 Jan 2026 No data
1705 Maple, Evanston, IL 60201 $31,200,000 Jun 2025 No data
2900 Central, Evanston, IL 60201-1224 $851,000 Mar 2025 No data
2821 Central, Evanston, IL 60201-1221 $1,675,000 Mar 2025 No data
2902 Central, Evanston, IL 60201-1224 $775,000 May 2023 1,596 SF
1732 Central, Evanston, IL 60201-1508 $1,050,000 Mar 2022 3,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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