Property profile

1603 Orrington Ave Evanston, IL 60201

OFF-MARKET
Banks
Property ID
US28-5675702
0.07 ac lot Built 1971
Entity Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Corporate Office Financial Advisor
  • Loan Service Bank
  • Freight Service Logistics Company
  • Plumbing Service General Contractor
  • Business To Business Service Business Development Service

Location

1603 Orrington Ave Evanston, IL 60201-3841
Evanston metro Census 809402 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2018
7 recorded transactions
2018
$91.3M
2018
Price N/A
2013
$61.5M
2010
Price N/A
2006
$31.1M
2002
$43.3M
1999
$3.7M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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