716 Clark St 20 Evanston, IL 60201-3780
This exceptional 3,470-square-foot commercial space, located at 716 Clark Street in Evanston, Illinois, 60201, presents a unique opportunity for businesses seeking a vibrant and high-traffic location. Situated directly across from Northwestern University's iconic Clock Tower, this ground-floor space within a residential building offers unparalleled visibility and accessibility. The property, built in 1906, sits on a 0.28-acre lot and is zoned D2. The building itself encompasses 16,182 square feet, with a minimum divisible space of 3,470 square feet, and a maximum contiguous space of 3,470 square feet. The property's ideal location places it within walking distance of a bustling downtown area, featuring numerous retail stores, restaurants, high-rise offices, residential buildings, and an 18-screen movie theater. Benefit from the proximity to over 10,000 businesses and approximately 21,000 students attending Northwestern University, ensuring a consistent flow of potential customers. The space is perfect for retail, restaurant, or office uses, and is part of a building with 18 apartments and 60 residents, providing a built-in customer base. This is a rare chance to establish a presence in one of Evanston's most desirable commercial areas. The property's APN is 11-18-127-005-0000. The cross street is Sherman.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.