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Evanston, IL Restaurants for Sale

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Skokie, IL Chicago, IL Wilmette, IL

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.

Opportunities in Nearby Cities

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

$799,000

7,500 SF

Skokie Retail Plaza Opportunity

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

3718-3724 Dempster Street, Skokie, IL 60076

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$280,000

Thriving Seafood Mexican Restaurant Business

Established seafood and Mexican restaurant business for sale.

7138 N Clark Street, Chicago, IL 60626

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$379,999

Skokie Boulevard Retail Property

Retail property with two stores and parking in rear.

8337 Skokie Boulevard, Skokie, IL 60077

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$850,000

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.

$399,900

Lincoln Park Vacant Land Opportunity

Vacant land near Elston/Fullerton/Damen corridor, Lincoln Park/Bucktown border.

1905 W Fullerton Avenue, Chicago, IL 60614

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$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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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 7,500 square feet of properties for sale, with an estimated market value of $23.

Sale prices for restaurant properties in Evanston, IL start at $23, averaging $23, 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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Top Commercial Asset Segments

Property Size Breakdown

The majority of commercial real estate listings in Evanston fall within the 2,500 to 5,000 square foot range.

Demographics Overview

Population 81K

Population Growth (5Y) +5.3%

Median Household Income $99,828

College Educated 63.6%

Taxes & Financing

Average Loan-to-Value 65.0%

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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.