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.