847-780-8063
810-812 Grove St, Evanston, IL for Sale
Bar - FOR SALE
1/12
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810-812 Grove St
Evanston, IL 60201
Downtown Evanston


HIGHLIGHTS

  • 100% leased to Cupitol Coffee & Eatery and Tian Bistro under NNN leases producing NOI of $245,048
  • Located in Evanston’s downtown retail corridor with strong demand drivers and affluent demographics
  • Steps from the Davis Street CTA and Metra stations, providing excellent transit accessibility
  • Zoned D-2 (Downtown Retail Core), allowing redevelopment and potential value enhancement
  • Vibrant trade area anchored by national brands like Trader Joe’s, Whole Foods, LA Fitness, McDonald’s, and Chase Bank

OVERVIEW

810–812 Grove Street offers an opportunity to acquire a fully leased trophy retail investment in the heart of Downtown Evanston, one of Chicago’s most desirable and supply-constrained suburban markets. The property is anchored by two established restaurant tenants operating under NNN leases, generating a stable cash flow for investors with minimal landlord responsibilities. Positioned within Evanston’s thriving retail corridor, the property benefits from proximity to Northwestern University (23,000+ students, faculty, and staff), affluent surrounding neighborhoods, and immediate access to CTA and Metra stations. This location combines heavy pedestrian traffic with excellent visibility and provides consistent customer demand driven by the area's dense mix of retail, dining, and entertainment venues. Zoned D-2, the asset permits long-term redevelopment, offering intrinsic land value alongside current income. The property resides among major retailers such as Trader Joe’s, Whole Foods, Walgreens, McDonald’s, LA Fitness, and Panera, further elevating its long-term investment appeal.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Keg of Evanston

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

D-2

APN/PARCEL ID

11-18-317-008-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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