1723 Simpson St Evanston, IL 60201-3040
- Retail space
- 0.13 lot acres
Current Use by Public Records
- Meals on Wheels Northeastern Illinois / Non-Profit Organization
Property Details for 1723 Simpson St
- Year built
- 1937
- Lot size
- 0.13 lot acres
- Property type
- Retail space
- APN
- 10-12-420-014
- APU
- 1012420014
Description
This exceptional free-standing retail building at 1723 Simpson Street in Evanston, Illinois, presents a compelling investment opportunity. The property boasts 3,671 square feet and is situated on a B1-zoned lot. A well-established organization currently holds a 10-year lease with a 10-year option, providing immediate and long-term income potential. The building has undergone significant renovations, ensuring it's in excellent condition. Recent improvements include new windows (2020), new ceilings and flooring (2019), and a newly renovated ADA-compliant bathroom (2019). The roof is estimated to have over 10 years of remaining life, and the HVAC system has an estimated 15+ years of remaining life. Further enhancing the property's value, the tenant recently upgraded the electrical system with three new 600-amp service panels. Two convenient outside parking spaces are also included. This turnkey investment property offers a rare combination of strong tenancy, recent upgrades, and a desirable location in Evanston, Illinois. The property's excellent condition and long-term lease make it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The building's prime location and recent renovations ensure its continued appeal to tenants and investors alike.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Evanston
- County
- Cook
- State
- Illinois
- Longitude
- -87.697
- Latitude
- 42.0558
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
