1227 Dodge AveEvanston, IL 60202

Property Details for 1227 Dodge Ave

Year built

1936

Lot size

0.18 AC

Property type

Retail space

Property subtype

Storefront properties

APN

10-24-200-040

APU

1024200040

Description

This unique, multi-tenant office building, known as the Martay Building, is situated at 1227 Dodge Avenue in Evanston, Illinois, Cook County, zip code 60202. Originally constructed as corporate headquarters, this charming two-story stone and brick building has undergone recent renovations. Improvements include updated décor throughout, energy-efficient electrical wiring, and cable wiring. The lower level features a complete conference room with a wet bar. The building's safety features have been enhanced with new fire escapes on the south side and updated fire and safety systems. Heating is provided by four furnaces (two new). Exterior improvements include a roof replacement (2006), new landscaping (2007), and parking lot repairs (2007). Interior upgrades also include new ceilings and lighting (2008). The building is classified as Class C and is suitable for executive, medical, or traditional office uses. The asking price for this Evanston property is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,462,518

  6.5%

  $3,196,170

  7%

  $2,967,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,568,400

  Geo Method

  $2,568,400

• Alternative Use

  Use

  Valuation

  Residential

  $2,696,089

  Hospitality

  $2,469,603

  Educational

  $2,054,681

  Medical

  $2,125,344

  Retail

  $3,196,170

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0404

Longitude

-87.6988

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].