618 Davis St 20 Evanston, IL 60201-4419
This exceptional retail property, located at 618 Davis Street in the heart of downtown Evanston, Illinois, offers an unparalleled opportunity for a discerning business owner. Boasting approximately 12,000 square feet of space, this property provides ample room for a variety of retail ventures. A significant advantage is the impressive approximately 55 feet of frontage on Davis Street, ensuring high visibility and accessibility for potential customers. The property benefits from a consistently high daytime population, driven by the strong local demographics and the close proximity to Northwestern University, creating a robust and reliable customer base. This prime location guarantees significant foot traffic and exposure, making it an ideal setting for a thriving business. The property's history demonstrates a strong income stream, further solidifying its value and potential for future success. This is a rare opportunity to acquire a well-established retail space in a highly desirable and lucrative location within Evanston's vibrant downtown area. The property is priced at $2,300,000 and is ready for immediate occupancy. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.