2958 Central St - Commercial LAND FOR SALE


Evanston, IL 60201 4,199 SF
$450,000 USD
847-650-5729
2958 Central St, Evanston, IL for Sale
$450,000 USD
Commercial LAND - FOR SALE
1/11
4,199 SF

2958 Central St
Evanston, IL 60201


HIGHLIGHTS

  • Prime Corridor Location: Highly visible ~4,200 SF infill site situated on North Evanston's premier Central Street commercial strip.
  • Favorable Zoning & Overlay: Zoned B1a Business District under the Central Street Subarea 5 Overlay, clear path for ground-up mixed-use development
  • Flexible Development Capacity: 2.0 base Floor Area Ratio (FAR) allowing up to ~8,400 GSF across 3 stories (40-ft max height limit).
  • Maximum Lot Yield: Permissible 0-foot side yard setbacks allow for a full 30-foot wide street-wall profile to maximize usable square footage.
  • Holding Income Potential: Includes an existing 495 SF brick storefront for short-term rental income while finalizing architecture and permitting.
  • Clean & Fully Serviced Site: Confirmed free of asbestos; site has direct access to municipal water, sewer, electric, and gas utilities.

OVERVIEW

INVESTMENT & DEVELOPMENT OPPORTUNITY Rare ~4,200 SF (30' × 140') infill development site in North Evanston’s highly desirable Central Street commercial district. Zoned B1a with Subarea 5 Overlay, permitting up to a 3-story / 40-foot height limit and a 2.0 base FAR (~8,400 max buildable GSF). Permissible 0-foot side yard setbacks allow full-width street frontage, ideal for ground-floor retail and upper-story multi-family/luxury residential units. PROPERTY HIGHLIGHTS & TERMs: Existing Structure: Includes an existing 495 SF standalone brick storefront generating potential holding/interim income during entitlement and permitting. Confirmed free of asbestos. Access & Parking: Features 35 linear feet of frontage on Central Street with direct rear alley access, providing off-street parking layout or service access. Eligible for Transit-Oriented Development (TOD) parking requirement reductions. Location: High-foot-traffic corridor within walking distance to Central Street Metra Station, Endeavor Health Evanston Hospital, and Northwestern University athletic facilities. Sale Condition: Sold AS-IS. All utilities (gas, electric, municipal water/sewer) are connected to the site. Here is the breakdown of allowable, special permission, and prohibited business uses for a property zoned B1a with the oCSC Subarea 5 Overlay: Permitted Uses (Allowed By-Right): These uses are automatically permitted up to 20,000 sq. ft. in size: Retail & Goods: Retail Goods Establishments, Retail Service Establishments, Specialty Food Stores, Food Store Establishments (hours between 6:00 a.m. and midnight). Food & Beverage: Restaurants (Type 1), Brew Pubs, Caterers. Residential / Mixed-Use: Upper-Story Dwellings (above ground floor), Live-Work Units, Artist Studios & Accessory Dwelling Units (dwelling must not front the street), Category I Residential Care Homes (located on ground floor). Institutional & Civic: Cultural Facilities, Government Institutions, Private/Public Educational Institutions, Religious Institutions, Neighborhood Gardens. Commercial & Financial: Financial Institutions (ground level), Upper-Story Offices (above ground floor). 2. Administrative Review Uses (Allowed via Staff Approval) These uses require an administrative review/streamlined permit process rather than a full public hearing process: Ground-Floor Office Space, Type 2 Restaurants, Commercial Indoor Recreation, Mixed-Use Market (\le7,500 sq. ft.) 3. Special Uses (Allowed Only With Special Permission) These uses require a Special Use Permit approved by the Land Use Commission and City Council: Entertainment & Culture: Performance Entertainment Venues, Micro-Distilleries, Craft Alcohol Production Facilities, Banquet Halls. Cannabis Businesses: Cannabis Dispensaries, Craft Growers, Infusers, Transporters. Care & Services: Daycare Centers (Adult, Child, or Domestic Animal), Animal Hospitals, Kennels, Tattoo and Body Art Establishments, Resale Establishments. Residential & Lodging: Multiple-Family Dwellings (ground-floor residential), Independent Living Facilities, Boarding Houses, Category II Residential Care Homes. Other Commercial: Mixed-Use Markets (+7,500 sq. ft.), Convenience Stores, Trade Contractors (no outside storage), Vocational Training Facilities, Planned Developments, Rooftop Urban Farms, Aquaponics, Public Utilities, Membership Organizations. 4. Prohibited Uses These uses are strictly not permitted and not eligible for Special Use or Administrative Review approval in Subarea 5: Drive-Through Facilities (Explicitly prohibited in Subarea 5 under the oCSC overlay, overriding base B1a rules). Auto-Oriented & Heavy Uses: Automobile Service Stations, Auto Body Repair, Auto/RV Sales or Rental, Commercial Parking Lots, Open Sales Lots. Institutional & Residential Care: Assisted Living Facilities, Long-Term Care Facilities, Sheltered Care Homes, Retirement Homes / Hotels, Category I Residential Care Homes on upper floors. Other Excluded Uses: Bed & Breakfasts, Single-Family Detached Homes, Recording Studios, Transitional Shelters, Category III Transitional Treatment Facilities, Business or Vocational Schools, Dormitories.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/ACRE

$4,667,130/AC

PRICE/SF

$107 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2958 Central Street, Evanston, IL 60201

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Multi-Family, Convenience Store

LAND ACRES

0.1 AC

LAND SF

4,200 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk

ZONING

B1a

APN/PARCEL ID

10-11-200-004-0000

ASK ABOUT THIS PROPERTY

PJ DhawanBaird & WarnerMore Info
847-650-5729

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PJ DhawanBaird & WarnerMore Info
847-650-5729

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.