Property profile

2400 W Howard St Evanston, IL 60202

FOR SALE
Community: Shopping Center, Mini-Mall
Property ID
US28-1976691
0.11 ac lot Built 1992
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2400 W Howard St, Evanston, IL 60202 For Sale
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2400 W Howard St, Evanston, IL 60202
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Property summary

AI-generated overview

The property consists of commercial land outparcels located near a Target shopping center at 2400 W Howard St, Evanston, IL. Development is governed by Target’s Standard Use Restrictions and an Operation and Easement Agreement involving Target, Jewel-Osco, and Best Buy. Outparcels 1 and 2 are configured to accommodate either one building totaling up to 7,000 square feet or two buildings with a combined total not to exceed 8,000 square feet. Outparcel 4 is configured for a single building of up to 6,400 square feet, and Outparcel 5 is configured for a single building of up to 6,650 square feet.

Property profile

Verified
Property type Community: Shopping Center, Mini-Mall
Year built 1992
Lot 0.11 ac (4,715 SF)
APN 10-25-104-031
UPID US28-1976691

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 W Howard St Evanston, IL 60202
Evanston metro
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2025
Last sale
$3.6M
1 recorded transaction
2025
$3.6M
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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