Financial
Distress signals
Property profile

1740 Ridge Ave Evanston, IL 60201

FOR LEASE
Retail space
Property ID
US28-2665032
1.08 ac lot Built 1946
Last sale Jul 2004 · $2,500,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial office building offering executive suites and traditional office spaces, with individual spaces approximately 250 square feet. The building is configured for gross-lease-style occupancy, with heating, air conditioning, and electricity included, while tenants typically cover cable and WiFi. Janitorial service is provided Monday through Thursday and includes trash removal and vacuuming. The building includes a large designated parking lot for tenants and clients and is professionally managed by local ownership.

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?
$182k
Tax billed · 2022
Assessed value$782k
Assessed land$234k
Assessed improvement$548k
Effective rate23.23%

Value estimate

· Sep 2026
$380k
$342k – $418k
AI approach$380k
NOI build-up
Gross scheduled income$514k
Vacancy & credit loss−$128k
Operating expenses−$97k
NOI · 17,548.85% cap applied$290k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
17,548.85%
$290k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.0
Smoke and Vape Shop9.3
Watch Repair Shop9.2

Location

1740 Ridge Ave Evanston, IL 60201
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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
1851 Benson, Evanston, IL 60201 $1,650,000 Dec 2024 No data
2956 Central St, Evanston, IL 60201-1246 $365,000 Oct 2024 No data
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?”
More about this property
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