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Evanston, IL Restaurants for Sale

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Evanston Restaurant/Retail Opportunity For Sale

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7,500 SF

Evanston Restaurant/Retail Opportunity For Sale

1557-63 Sherman Avenue, Evanston, IL 60201

7,500 SF restaurant/retail space in downtown Evanston, Illinois.

Prime downtown Evanston location, steps from Northwestern University
Fully equipped, second‑generation restaurant space (7,500 SF) minimizes startup costs
Includes an adjacent parking lot for valet service and customer convenience
Basement space provides ample storage
Versatile space suitable for various uses

Updated: Nov 21, 2025

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Evanston, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$799,000

0.27 Acres

Skokie Retail Plaza Opportunity

Six-unit retail plaza with upside potential in Skokie, Illinois.

3718 Dempster Street, Skokie, IL 60076

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$95,000

Turnkey Restaurant Business Opportunity

Established restaurant business for sale in Skokie, Illinois.

3457 Dempster Street, Skokie, IL 60076

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High-Traffic Mixed-Use Building, Chicago

$1,500,000

0.25 Acres

High-Traffic Mixed-Use Building, Chicago

8,500+ sq ft in West Ridge/Rodgers Park area.

7541 N Western Avenue, Chicago, IL 60645

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$1,800,000

1,640 SF

Turn-Key Cafe Opportunity

Cafe available for new ownership at California and Howard.

7555 N California Ave, Chicago, IL 60645

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$250,000

0.22 Acres

Land Near Eisenhower Expressway

Commercial land available near public transportation in Chicago, Illinois.

3159 W Madison Street, Chicago, IL 60612

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$125,000

0.11 Acres

Vacant Lot in Chicago

Development opportunity in East Garfield Park near Madison Street.

3153 W Madison Street, Chicago, IL 60612

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$525,000

0.21 Acres

Chicago Commercial Opportunity For Sale

Prime commercial location near I-290 in West Garfield Park.

628 S Cicero Avenue, Chicago, IL 60644

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Highland Park Mixed-Use Development Site

$1,600,000

0.83 Acres

Highland Park Mixed-Use Development Site

36,438 SF mixed-use development site near downtown Highwood, IL.

417-429 Temple Avenue, Highland Park, IL 60035

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Explore Off-Market Properties in Evanston, IL

Consider similar Off-Market properties in Evanston, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1500 Sherman Ave

Restaurants • 5,102 SF

Value Estimation by Request

1500 Sherman Ave, Evanston, IL 60201

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523 Davis St

Restaurants • 1,200 SF

Value Estimation by Request

523 Davis St, Evanston, IL 60201

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Evanston, IL Restaurants Investment Opportunities Market Analysis

Explore 3 restaurants for sale in Evanston, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $23.

Sale prices for restaurant properties in Evanston, IL start at $0.00, averaging $7, and reaching up to $23 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Evanston, IL Restaurants for Sale

Evanston Restaurant/Retail Opportunity For Sale

7,500 SF restaurant/retail space in downtown Evanston, Illinois.