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In-PersonVirtual Tour
$ 450,000
Est. payment | /mo
$ 450,000
Est. payment | /mo
Open House
Sat Aug 01, 10:00am - 12:00pm
Thu Aug 06, 8:30am - 10:30am
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12712262
Annual Tax Amount $6,531
Tax Year 2023
Lot Dimensions 35x120
Property Sub-Type Land
Property Description
Attention developers, investors, and owner-users! Rare commercial opportunity on North Evanston's highly coveted Central Street corridor. This ~4,200 SF parcel (approx. 30' x 140') features an existing, asbestos-free 495 SF standalone brick storefront-ideal for immediate end-user operation (retail, office, studio) or steady holding income while securing development permits. Zoned B1a Neighborhood Business District with Subarea 5 (Mixed-Use B) Central Street Overlay guidelines, the site offers a base 2.0 FAR (~8,400 buildable GSF), 0-ft side yard setback potential, and a 3-story / 40-ft max height envelope for a streamlined ground-up build. Initial feasibility conceptualizes ~2,600 SF of ground-floor commercial space paired with upper-story luxury residential units (e.g., four 2BD/2BA apartments), complemented by rear alley access for 4 off-street parking spaces and potential TOD parking reductions. Permitted by-right uses include retail goods, service establishments, Type 1 restaurants, brew pubs, upper-story dwellings, live-work units, and upper-story professional offices. Boasting high foot traffic and excellent visibility, this prime location sits directly across from new Collective Coffee and is just blocks from public transit (Metra & CTA), Endeavor Health Hospital, Ryan Field, and Northwestern University. Sold AS-IS;
Location
State IL
County Cook
Area Evanston
Interior
Heating Natural Gas
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Building
Dwelling Type Land
Schools
High Schools Evanston Twp High School
School District 65 , 165, 202
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Pankaj Dhawan of Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "