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    OFF-MARKET
    Banks

    1603 Orrington Ave, Evanston, IL 60201-3841

    0.07 ac lot Built 1971
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US28-5675702
    Property summary
    AI-generated overview

    This Class A, 13,922 square foot office building at 1603 Orrington Avenue, Suite 600, Evanston, IL 60201, offers a variety of workspace solutions. Located in Cook County, this 20-story tower, renovated in 2019, boasts magnificent views of the Chicago skyline and Lake Michigan. The building features floor-to-ceiling windows providing ample natural light in its 350 suites. Currently, 5,970 square feet of space is available, with minimum divisible space starting at 10 square feet and a maximum contiguous space of 1,300 square feet. The building offers multiple tenancy options, catering to businesses of various sizes. Amenities include a business lounge and on-site parking. For added convenience, a fitness center is located next door, and numerous shops and restaurants are within walking distance. Excellent access to road, rail, and air transportation is also a key advantage. The building includes elevators for easy access to all floors. This property is ideal for businesses seeking a prestigious location with modern amenities and stunning views. The diverse suite options, ranging from executive offices to coworking and creative office spaces, provide flexibility to accommodate a wide range of business needs.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1971
    Lot 0.07 ac (3,100 SF)
    APN 11-18-306-007
    UPID US28-5675702
    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
    • Industrial Opportunity Partners Corporate Office Financial Advisor
    • Chase Mortgage Loan Service Bank
    • Zipcar Freight Service Logistics Company
    • J. Blanton Plumbing, Sewer & Drain Plumbing Service General Contractor
    • Acquirent Business To Business Service Business Development Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gregoco Orrington Owner LLC · 8 yrs held
    Gregoco Orrington Owner LLC
    since 2018
    7 recorded transactions
    2018
    $91.3M
    2018
    2013
    $61.5M
    2010
    2006
    $31.1M
    2002
    $43.3M
    1999
    $3.7M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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