2538 Green Bay Rd - Freestanding FOR SALE


Evanston, IL 60201
$4,260,000 USD
312-498-3598
2538 Green Bay Rd, Evanston, IL for Sale
$4,260,000 USD
Freestanding - FOR SALE
1/3
null | 7.5% Cap Rate

2538 Green Bay Rd
Evanston, IL 60201


HIGHLIGHTS

  • JC Licht 10-year NNN Lease | 2.5% Annual Increases | April 2036 Expiration
  • 5 Apartment Units | 4 1-Bedrooms | 1 2-Bedroom
  • High Density location: 358,892 Population within 5 miles.
  • Directly across the street from the Central Street Evanston Metra train station.
  • 0.4 Miles from Ryan Field, Home to Northwestern University Wildcats Football, and currently undergoing an $862 Million renovation
  • 1.2 Miles from the center of the Northwestern University campus.

OVERVIEW

We are pleased to present the mixed-use building located at 2538-2540 Green Bay Road in Evanston, IL for your acquisition review. The subject property is located at the heavily trafficked intersection of Green Bay Road and Harrison Street, and is located directly across the street from the Evanston Central Street Metra train station. The building features JC Licht on a new 10-year NNN Lease along with 5 apartment units on the second floor. Evanston is a lakefront city immediately north of Chicago, anchored by Northwestern University (23,000 students) and connected to downtown via CTA rail and Metra commuter service. The community combines a dense, walkable downtown and transit corridors with established residential neighborhoods, strong public schools, and direct access to Lake Michigan beaches and parks.

FOR SALE DETAILS

PRICE

$4,260,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

J C Licht

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,580 SF

ZONING

-

APN/PARCEL ID

10-12-200-012-0000

ASK ABOUT THIS PROPERTY

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312-498-3598

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312-498-3598

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