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    Evanston, IL
    Restaurants

    Evanston, IL Restaurants for Sale

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    6 properties
    Triple-Net Retail Investment with Restaurants
    Updated: Jul 26
    Triple-Net Retail Investment with Restaurants

    810-812 Grove Street, Evanston, IL 60201

    Contact for pricing
    8,042 sqft
    8,042 SF fully leased retail property on Grove Street in downtown Evanston
    Two established tenants: Tian Bistro and Cupitol Coffee & Eatery under triple‑net (NNN) leases
    Current Net Operating Income (NOI) of $245,048
    Zoned D‑2 (Downtown Retail Core District)
    Year‑round demand drivers nearby, including Northwestern University’s ~23,000 students, faculty, and staff
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    Triple-Net Restaurant Retail Building
    Updated: Jul 8
    Triple-Net Restaurant Retail Building

    810-812 Grove Street, Evanston, IL 60201

    Contact for pricing
    8,042 sqft
    8,042 SF fully leased retail property at 810–812 Grove Street in downtown Evanston
    100% NNN leased to two established restaurant and café operators: Tian Bistro and Cupitol Coffee & Eatery
    Current net operating income (NOI) of $245,048
    Zoned D‑2 (Downtown Retail Core District)
    Submerged in a downtown retail corridor with nearby retailers including Trader Joe’s, Walgreens, Whole Foods, and Panera Bread
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    Evanston Restaurant and Brewery Space
    Evanston Restaurant and Brewery Space

    1615 Oak Ave, Evanston, IL 60201

    Contact for pricing
    12,000 sqft

    Turn-key restaurant and brewery in downtown Evanston with prime location.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Brick Mixed-Use Building with Patio
    Brick Mixed-Use Building with Patio

    629 W HOWARD Street, Evanston, IL 60202

    $769,000

    Brick three-unit mixed-use building with a ground-floor cocktail lounge/restaurant patio and two residential units above.

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    Hard Corner Development Site
    Hard Corner Development Site

    2632 Gross Point Road, Evanston, IL 60201

    $2,950,000

    Hard stoplight corner development site with B1-A zoning, extensive frontage, and a building configured for food and dining operations.

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    Three-Unit Mixed-Use Building
    Three-Unit Mixed-Use Building

    629 W HOWARD Street, Evanston, IL 60202

    $699,000

    Brick commercial-residential property with a restaurant, outdoor patio, two residences, parking, and a usable basement.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 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.

    Commercial Kitchen With Bakery Business
    Commercial Kitchen With Bakery Business

    3925 W Oakton Street, Skokie, IL 60076

    $379,000
    0.07 AC lot

    Operating bakery sale includes the building, business, production equipment, and rear parking.

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    Solid Brick Mixed-Use Building
    Solid Brick Mixed-Use Building

    7919 Lincoln Ave, Skokie, IL 60077

    Contact for pricing
    3,250 sqft 0.14 AC lot

    Solid brick two-story mixed-use building with first-floor restaurant space, patio, rooftop deck, and second-floor apartment.

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    Restaurant Property with Enclosed Gazebo Patio
    Restaurant Property with Enclosed Gazebo Patio

    2723 W Howard Avenue, Chicago, IL 60645

    $1,199,000
    0.41 AC lot

    Four-section restaurant property with central air and a gazebo/patio designed for enclosed year-round use.

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    Turn-Key Cafe Opportunity
    Turn-Key Cafe Opportunity

    7555 N California Ave, Chicago, IL 60645

    Contact for pricing
    1,640 sqft

    Cafe available for new ownership at California and Howard.

    View details

    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.

    Lincoln Park Vacant Land Opportunity
    Lincoln Park Vacant Land Opportunity

    1905 W Fullerton Avenue, Chicago, IL 60614

    $399,900

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

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    Transit-Accessible Commercial Land
    Transit-Accessible Commercial Land

    3159 W Madison Street, Chicago, IL 60612

    $250,000
    0.22 AC lot

    COMMR-zoned parcel with access to CTA rail and bus service.

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    Vacant Lot in Chicago
    Vacant Lot in Chicago

    3153 W Madison Street, Chicago, IL 60612

    $125,000
    0.11 AC lot

    Development opportunity in East Garfield Park near Madison Street.

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    Melrose Park Land For Sale
    Melrose Park Land For Sale

    2305 N Mannheim Road, Melrose Park, IL 60164

    $1,099,000

    Commercial land available in Melrose Park, Illinois.

    View details

    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

    1500 Sherman Ave, Evanston, IL 60201

    Value Estimation by Request
    5,102 sqft
    View details
    523 Davis St
    Restaurants

    523 Davis St, Evanston, IL 60201

    Value Estimation by Request
    1,200 sqft
    View details

    Evanston, IL Restaurants Market Trends and Statistics

    Explore 8 restaurants for sale in Evanston, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 28,084 square feet of properties for sale, with an estimated market value of $4,418,000.

    Sale prices for restaurant properties in Evanston, IL start at $699,000, averaging $1,472,666, and reaching up to $2,950,000 — 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

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 2
    Coffee shops 2

    Demographics Overview

    Population 81K
    Population Growth (5Y) +5.3%
    Median Household Income $99,828
    College Educated 63.6%

    High-Yield Neighborhoods for Investment

    Identify Evanston submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60202 $769K
    60201 $3M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

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

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