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Property profile & analytics
FOR SALE
Retail space

2611 Prairie Ave Evanston, IL 60201

0.33 ac lot Built 2005
Entity Owned 18-yr Hold Free & Clear
Property ID
US28-2706150
Property summary
AI-generated overview

This exceptional 1,400 square foot retail condo presents a spectacular investment opportunity in Evanston's vibrant business district. Situated on Prairie Avenue, this property boasts unparalleled visibility and high foot traffic, benefiting from its proximity to numerous boutiques, restaurants, and other retail establishments. The location is further enhanced by its close proximity to the new Northwestern University football stadium, ensuring a consistent flow of potential customers. The condo itself includes one bathroom and one designated parking space, a significant advantage in this bustling area. Ample street parking is also readily available for additional convenience. The space is immediately available, allowing for a swift and seamless transition for new owners. This is a rare chance to acquire a prime retail space in one of Evanston's most desirable and high-traffic areas, offering significant potential for growth and return on investment. The property's exceptional location and immediate availability make it an attractive proposition for discerning investors seeking a strong foothold in the Evanston market. Don't miss this opportunity to secure a thriving retail presence in the heart of Evanston.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Lot 0.33 ac (14,353 SF)
APN 05-34-423-030
UPID US28-2706150
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
  • Seriously Slime Vocational School
  • Ricorso (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cece LLC · 18 yrs held
Cece LLC
since 2008
4 recorded transactions
2008
$400,000
2006
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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