716 Clark St, Unit 20 Evanston, IL 60201-3780
- Retail residential properties
- 0.28 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 716 Clark St
- Year built
- 1901
- Lot size
- 0.28 lot acres
- Property type
- Retail residential properties
- APN
- 11-18-127-005
- APU
- 1118127005
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $13,860,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,355,000
- 6.5%
- $9,805,000
- 7%
- $9,160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,435,000
- Geo Method
- $10,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,630,000
- Retail
- $11,165,000
- Mixed-Use
- $12,355,000
- Hospitality
- $12,175,000
- Educational
- $10,940,000
- Residential Income
- $9,885,000
- Energy
- $12,410,000
- Income-Based Land
- $9,625,000
- Food Service
- $11,185,000
Location Insight
- Map
- Local Demand
- City
- Evanston
- County
- Cook
- State
- Illinois
- Longitude
- -87.681
- Latitude
- 42.0497
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA