312-529-5791
1557 Sherman Ave, Evanston, IL for Rent

$23.00 USD /SF/yr

Retail - For Rent
1/4
2,500-7,500 SF | 1 Space

1557 Sherman Ave
Evanston, IL 60201
Downtown Evanston


HIGHLIGHTS

  • ±7,500 SF Restaurant/Retail space in Downtown Evanston
  • 2nd Generation space with a fully functional kitchen and Substantial restaurant, bar and tap room infrastructure and FF&E included
  • Join Giordano's Pizza- Opening in 2026
  • Seating for ±250 with areas for standard service, banquets, parties, etc. | Steps to Northwestern University campus, many shops, restaurants, etc.
  • Close to both Metra and CTA Purple Line stations | Great demographics with approx. $130k Avg HH income and $624k home value within 1 mi.
  • Many possible uses | Immediate availability | Do not disturb tenants

OVERVIEW

SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant/retail opportunity in downtown Evanston, IL, steps from the Northwestern University campus. This 7,500 SF space has served Chicago's North Shore community as a high-volume restaurant space for many years. The lease includes substantial existing infrastructure, including several hoods with black-iron venting, walk-in coolers and freezers, prep tables, cooking appliances, tables, and chairs. The restaurant space has a large horseshoe-shaped bar. There is also a partial basement under the space for storage, back of the house, etc. This opportunity also comes with a parking lot adjacent to the property that can be used for valet on nights and weekends. The property could also be suitable for other uses, including daycare, fitness, medical office, and other retail and service uses. The property boasts long-term, stable ownership. Available immediately.

RENTAL DETAILS

SPACE AVAILABLE

2,500-7,500 SF

# OF SPACES

1

RENT/MONTH

$4,792+ USD /mo

RENT RATE (MO)

$1.92 USD /SF/mo

RENT RATE (YR)

$23.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

10,000 SF

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33999 AC

LAND SF

14,810 SF

ZONING

D2

ASK ABOUT THIS PROPERTY

312-529-5791

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312-529-5791

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