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The Livery Building 831 Chicago Ave 18,450 SF 100% Leased Retail Building Evanston, IL 60202 $1,895,000 ($102.71/SF)
INVESTMENT HIGHLIGHTS
- Hi-visibility location on main Evanston artery in a TOD, TIF and SSA District
- STRONG Area Demographics: $130k average HH Income within 1 mile
- Adaptive Reuse Opportunity: Zoning allows Apartments on 2nd Floor
- Features include Barrel Truss, Skylights and Ceiling Heights of 12 feet+
- $1.6mm renovation/upgrades completed in 2010
EXECUTIVE SUMMARY
NEW PRICE!
A truly unique and historically significant property located just south of the Chicago-Main signalized intersection in a Transit-Oriented District (CTA and, METRA stations across the street). Originally built in 1896 as a 2-story 10,600sf building to house a Livery and Hansom Cab company. A 3,500sf bow truss structure and 3,500sf basement added in 1934. In 2009 InSite's client undertook a $1.6M renovation, occupying the 2nd floor as office space and leasing the 1st Floor Rear as office space. Property will be delivered vacant at closing.
A truly unique and historically significant property located just south of the Chicago-Main signalized intersection in a Transit-Oriented District (CTA and, METRA stations across the street). Originally built in 1896 as a 2-story 10,600sf building to house a Livery and Hansom Cab company. A 3,500sf bow truss structure and 3,500sf basement added in 1934. In 2009 InSite's client undertook a $1.6M renovation, occupying the 2nd floor as office space and leasing the 1st Floor Rear as office space. Property will be delivered vacant at closing.
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,450 SF
Building Class
C
Year Built/Renovated
1896/2010
Price
$1,895,000
Price Per SF
$102.71
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.22 AC
Zoning
C1a - C1a - Commercial Mixed-Use district, Zoning Matrix available upon request to Broker
Frontage
50’ on Chicago Ave
AMENITIES
- Bus Line
- Commuter Rail
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-19-401-021-0000 | Improvements Assessment | $448,629 |
| Land Assessment | $46,835 | Total Assessment | $495,464 |
PROPERTY TAXES
Parcel Number
11-19-401-021-0000
Land Assessment
$46,835
Improvements Assessment
$448,629
Total Assessment
$495,464
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The Livery Building | 831 Chicago Ave
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