773-550-2548
601-615 Dempster St, Evanston, IL for Sale
Storefront Retail/Office - FOR SALE
1/8
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601-615 Dempster St
Evanston, IL 60201


HIGHLIGHTS

  • Fully leased, income-generating mixed-use property with ten retail tenants and an owner-occupied residential unit.
  • Located within an established commercial corridor offering visibility and pedestrian activity.
  • Updated M2 zoning under Evanston’s Envision 2045 plan provides additional density capacity.
  • Corner parcel configuration allows for flexible, efficient redevelopment layouts.
  • Proximity to CTA Purple Line stations, regional retail anchors, and Evanston’s waterfront amenities.
  • Redevelopment outcomes supported by strong multifamily rental performance and limited new supply.

OVERVIEW

Located at a prominent intersection in Evanston, 601 Dempster represents a premier transit-oriented redevelopment opportunity characterized by its high-visibility frontage and significant "national brand gravity" due to its proximity to anchors like Target and Whole Foods. The property's new M2 zoning offers substantial flexibility for a high-density mixed use project that can capitalize on the consistent foot traffic of the Dempster corridor. With 30 parking spaces and a prime location just steps from the purple line, the site offers the rare logistical infrastructure needed to support high volume residential density. By securing this corner, and occupier can anchor their presence in one of Evanston's most sought after submarkets. Existing retail and residential tenancy generates current cash flow that helps offset carrying costs while entitlement, design, and predevelopment efforts are advance.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

CROSS STREETS

Chicago Ave.

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

M2

APN/PARCEL ID

11-18-330-008-0000,11-18-330-009-0000

ASK ABOUT THIS PROPERTY

Irv GilnerTranswestern Commercial ServicesMore Info
773-550-2548

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Irv GilnerTranswestern Commercial ServicesMore Info
773-550-2548

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