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Downtown Evanston Restaurant & Bar/Retail Opportunity

Market Price

1557-63 Sherman Avenue, Evanston, IL 60201

Active
Last Updated: 02/13/2025

10,000 sqft

Building Size

0.34 acres

Lot Area

Details:
Building Size:    10,000 sqft
Lot Area:    0.34 acres
Description:

SVN Chicago Commercial is pleased to present an amazing second-generation restaurant/retail opportunity in downtown Evanston, IL - steps to the Northwestern University campus. This ±10,000 SF space has served Chicago's North Shore community as a restaurant space for many years. The space is both a fully functional ±7,500 SF restaurant space along a connected ±2,500 SF bar/taproom. The spaces can be leased separately. Substantial existing infrastructure is included in the lease including a hood with black-iron venting, walk-in coolers and freezer, prep tables, cooking appliances, tables, chairs, etc. The main restaurant space has a large center bar and the smaller bar space is set up as a tap room. There is also a full basement under the space for storage, back of the house, etc. This opportunity also comes with a parking lot adjacent to the property that can be used for valet on nights and weekends. The property could also be suitable for other uses including daycare, fitness, medical office and other retail and service uses. The property boasts long-term, stable ownership. Available immediately.
DO NOT DISTURB TENANT OR THEIR EMPLOYEES. ALL INQUIRIES NEED TO BE VIA THE LISTING BROKERS.

This high-profile location is in downtown Evanston, IL on Sherman Ave between Davis St. and Grove St. Downtown Evanston is always a coveted destination for retail and restaurant tenants, offering prospective retail tenants a dynamic mix of local shops, cutting-edge dining experiences, entertainment hotspots, hotels, office buildings and thousands of area residents with disposable income. Its immediate proximity to the massive Northwestern University campus, only steps away, provides a non-stop, diverse and affluent customer base. Evanston draws retail and restaurant traffic from both the north side of Chicago and all of the adjacent north shore suburban communities. With its proximity to Lake Michigan and easy access to public transportation, tenants in this area are in a prime position to captivate local residents, students, and visitors alike. Join the thriving community of entrepreneurs and culinary innovators in this dynamic and sought-after market.

Map:
1 Space Available

Restaurant & Bar, 1557-1563 Sherman Restaurant

Available:
Immediately
Sublease:
No
SQFT
10,000
Lease Rate:
$0/sqft/yr
Lease Type:
Gross

±10,000 SF total space including one ±7,500 SF 2nd Generation restaurant space and
an ±2,500 SF bar space, currently outfitted as a tap room.

Documents:
Title
Downtown Evanston Restaurant_Retail Opportunity
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