3012 Central St Evanston, IL 60201
- Retail space
- 0.10 lot acres
Current Use by Public Records
- Scot Drive-In Cleaners / Dry Cleaner
Property Details for 3012 Central St
- Year built
- 1937
- Lot size
- 0.10 lot acres
- Property type
- Retail space
- APN
- 10-11-106-006
- APU
- 1011106006
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $860,000
- 6.5%
- $800,000
- 7%
- $720,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $875,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $850,000
- Mixed-Use
- $665,000
- Hospitality
- $675,000
- Educational
- $755,000
- Residential Income
- $795,000
- Energy
- $890,000
- Income-Based Land
- $640,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Evanston
- County
- Cook
- State
- Illinois
- Longitude
- -87.7184
- Latitude
- 42.0642
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA