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Property profile & analytics
OFF-MARKET Estimated value $11,915,000
Retail residential properties

716 Clark St 20 Evanston, IL 60201-3780

0.28 ac lot Built 1901
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US28-1440659
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1901
Lot 0.28 ac (12,300 SF)
APN 11-18-127-005
UPID US28-1440659
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$13.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.92M
Owner & transaction history
716 Clark LLC · 5 yrs held
716 Clark LLC
since 2021
Last sale
$10.0M
3 recorded transactions
2021
$10.0M
2012
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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