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Property profile & analytics
OFF-MARKET Estimated value $850,000
Retail space

3012 Central St Evanston, IL 60201-1101

0.1 ac lot Built 1937
Individually Owned 4-yr Hold Free & Clear
Property ID
US28-2245520
Property summary
AI-generated overview

This exceptional 5,880-square-foot retail or flex space is situated at 3012 Central Street in Evanston, Illinois, within Cook County. The property boasts a unique and inviting bow truss roof with impressive clear heights reaching up to 18 feet. The single-tenant space is entirely vacant and ready for immediate occupancy. Four drive-in doors provide convenient access, with one located at the front of the building. Ample parking is available both on the street and in the rear lot. Natural light floods the interior thanks to operable skylights. The building is located on a bustling retail corridor, surrounded by a mix of national chains, local shops, restaurants, and service businesses, ensuring high visibility and foot traffic. Its proximity to Ryan Field, currently undergoing a significant rebuild, promises increased activity and exposure once renovations are complete, as the stadium will host major sporting events and other large gatherings. The area is densely populated and characterized by a high-income demographic. Furthermore, the property benefits from its convenient location near the popular Old Orchard Mall, providing additional draw for customers and employees. This presents a rare opportunity to establish a thriving business in a highly desirable and strategically advantageous location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1937
Lot 0.1 ac (4,200 SF)
APN 10-11-106-006
UPID US28-2245520
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
  • Scot Drive-In Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k
Owner & transaction history
Martin Chow · 4 yrs held
Martin Chow
since 2021
Last sale
$850,000
2 recorded transactions
2021
$850,000
2017
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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