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2950 Central Street 2950 Central St 3,168 SF 100% Leased Retail Building Evanston, IL 60201 $550,000 ($173.61/SF) 7.78% Cap Rate



Investment Highlights
- Access & Connectivity
- Upside Potential
- Off-Street Parking & Garage
- Area Amenities & Demand Drivers
- Nearby Higher Education & Employers
- Strong Rental Demographics & Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 2950 Central Street in Evanston, IL (the “Property”). The two-story building contains two (2) total units comprised of one (1) 3-Bedroom/2-Bathroom unit and one (1) commercial unit with approximately 3,000 square feet of living area and 3,168 square feet of gross area. The Property is situated upon a 0.1 acre parcel and offers on-site parking with two (2) garage spaces available and one (1) surface space available. The commercial unit is vacant, offering upside through lease up. 2950 Central Street is ideally situated in a highly desirable Evanston neighborhood northwest of downtown, offering excellent visibility and seamless access to key local amenities. The property benefits from its proximity to Northwestern University, major retail corridors along Green Bay Road and Chicago Avenue, and the vibrant cultural, dining, and entertainment options that define Evanston’s urban appeal. Convenient connections to Ridge Avenue, Green Bay Road, and public transit, including CTA and Metra stations, provide efficient access throughout the North Shore and into downtown Chicago.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,168 SF
Building Class
C
Year Built
1926
Price
$550,000
Price Per SF
$173.61
Cap Rate
7.78%
NOI
$42,764
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.10 AC
Frontage
45’ on Central St
Amenities
- Signage
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-11-200-007-0000 | Improvements Assessment | $58,400 |
| Land Assessment | $12,600 | Total Assessment | $71,000 |
Property Taxes
Parcel Number
10-11-200-007-0000
Land Assessment
$12,600
Improvements Assessment
$58,400
Total Assessment
$71,000
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2950 Central Street | 2950 Central St
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