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Live-Work Loft Community 1703 Darrow St 20,000 SF 100% Leased Office Building Evanston, IL 60201 $3,750,000 ($187.50/SF)
Investment Highlights
- Immediate Cash Flow
- Strong Tenant Base and Retention History
- Evanston High School provides institutional anchor and stability
- Stabilized Property with Rent Upside
- Significant Public & Private Investment in Neighborhood
- Just west of Downtown Evanston's abundant Restaurant, Entertainment, Transportation & Service Providers
Executive Summary
Ideal for 1031 and Long-Term Hold Investors. This stabilized property offers immediate cash flow and rent upside in a transitioning neighborhood.
Complete Offering Memorandum, including rent Roll, operating Expenses, Capital Expenditures, Survey, etc. available upon request by qualified buyers.
Complete Offering Memorandum, including rent Roll, operating Expenses, Capital Expenditures, Survey, etc. available upon request by qualified buyers.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1929/2025
Price
$3,750,000
Price Per SF
$187.50
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,667 SF
Slab To Slab
15’
Building FAR
1.39
Lot Size
0.33 AC
Zoning
MXE - Mixed-Use Employment District fosters an environment where residential living, office & light manufacturing seamlessly coexist
Parking
16 Spaces (0.8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Skylights
- Roof Terrace
- Air Conditioning
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Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $210,558 | |
| Land Assessment | $17,316 | Total Assessment | $227,874 |
Property Taxes
Parcel Numbers
Land Assessment
$17,316
Improvements Assessment
$210,558
Total Assessment
$227,874
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Contact the Sale Advisor
Live-Work Loft Community | 1703 Darrow St