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800 Elgin Rd - Optima Horizons 2,300 SF Office/Retail Condo Unit Offered at $849,000 in Evanston, IL 60201
Investment Highlights
- 8% cap. NNN Investment in Downtown Evanston IL
- Parent company Compass, the largest residential brokerage company in the country
- Long standing tenant, in place since 2010
- Tenant just renewed their lease thru March 2030
Executive Summary
2300sf of street level investment in Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease thru 3/31/2030. This investment property is perfect for 1031 exchange or direct investment. At World Properties s a wholly owned subsidiary of Compass, the largest residential brokerage company in the country.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 8.40% |
| Sale Type | Investment |
| Cap Rate | 8.40% |
Description
8.4% cap. 2300sf of street level NNN investment in bustling Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease.
At World Properties s a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.
At World Properties s a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.
Sale Notes
8.4% cap in the heart of Downtown Evanston, IL. 2300sf of street level NNN investment in Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease for 3 additional years. Current expiration is 3/31/2030. This investment property is perfect for 1031 exchange or direct investment.
At World Properties is a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.
At World Properties is a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1821 | 2,300 SF | Office/Retail | $849,000 ($369.13/SF) | $71,316 |
Unit 1821
| Unit Size |
| 2,300 SF |
| Condo Use |
| Office/Retail |
| Price |
| $849,000 ($369.13/SF) |
| NOI |
| $71,316 |
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Unit 1821
| Unit Size | 2,300 SF |
| Condo Use | Office/Retail |
| Price | $849,000 ($369.13/SF) |
| NOI | $71,316 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| Description | |
| 8.4% cap. 2300sf of street level NNN investment in bustling Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease.<br> At World Properties s a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.</li></ul> | |
| Sale Notes | |
| 8.4% cap in the heart of Downtown Evanston, IL. 2300sf of street level NNN investment in Downtown Evanston, IL. Current tenant has been in place since 2010 and just renewed their lease for 3 additional years. Current expiration is 3/31/2030. This investment property is perfect for 1031 exchange or direct investment.<br> At World Properties is a wholly owned subsidiary of Compass, one of the largest residential brokerage company in the country.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 382,118 SF | Typical Floor Size | 21,528 SF |
| Property Type | Multifamily (Condo) | Year Built | 2004 |
| Property Subtype | Apartment | Lot Size | 2.27 AC |
| Building Class | B | Parking Ratio | 0.51/1,000 SF |
| Floors | 16 |
| Total Building Size | 382,118 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 16 |
| Typical Floor Size | 21,528 SF |
| Year Built | 2004 |
| Lot Size | 2.27 AC |
| Parking Ratio | 0.51/1,000 SF |
Amenities
- Energy Performance Rating - A
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Doorman
- Wheelchair Accessible
- Storage Space
- Conference Rooms
- Elevator
- Sundeck
- Public Transportation
- Fiber Optic Internet
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 248 | - | - |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Good public transit
70/100
Very bikeable
80/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
800 Elgin Rd - Optima Horizons