810 Grove StEvanston, IL 60201

Property Details for 810 Grove St

Year built

1948

Lot size

0.21 AC

Property type

Retail space

APN

11-18-317-008

APU

1118317008

Description

This 8,250 square foot multi-tenant retail building, located at 810 Grove Street in Evanston, Illinois, offers a 4,222 square foot turnkey restaurant space available for lease. Built in 1940, this Class C property boasts a highly desirable location in a bustling downtown area, just west of Sherman Avenue. The space features existing restaurant build-out, including black iron hook-up, minimizing upfront costs for a new tenant. Benefitting from significant foot traffic on Grove Street, the property enjoys exceptional visibility and accessibility. Its proximity to the Davis and Dempster Purple Line stations, as well as the Davis/Evanston Metra station, provides convenient access to Chicago. Furthermore, the building's location less than one mile southwest of Northwestern University's main campus and within a prime retail corridor, surrounded by numerous national retailers and restaurants (including Trader Joe's, Walgreens, Whole Foods, LA Fitness, and many others), ensures a strong customer base. Cook County location and 60201 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $3,964,749

  6.5%

  $3,659,768

  7%

  $3,398,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,940,941

  Geo Method

  $2,940,941

• Alternative Use

  Use

  Valuation

  Residential

  $3,087,151

  Hospitality

  $2,827,814

  Educational

  $2,352,708

  Medical

  $2,433,621

  Retail

  $3,659,768

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0453

Longitude

-87.6824

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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