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Downtown Evanston Restaurant/Retail Opportunity

$23/sqft/yr

1557-63 Sherman Avenue, Evanston, IL 60201

Active
Last Updated: 11/03/2025

7,500 sqft

Building Size

0.34 acres

Lot Area

Details:
Building Size:    7,500 sqft
Lot Area:    0.34 acres
Description:

SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant/retail opportunity in downtown Evanston, IL, steps from the Northwestern University campus. This 7,500 SF space has served Chicago's North Shore community as a high-volume restaurant space for many years. The lease includes substantial existing infrastructure, including several hoods with black-iron venting, walk-in coolers and freezers, prep tables, cooking appliances, tables, and chairs. The restaurant space has a large horseshoe-shaped bar. There is also a partial 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.


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
7,500
Lease Type:
Gross

7,500 Sq. Ft. of Second-Generation restaurant retail space available in the heart of downtown Evanston.

Documents:
Title
Downtown Evanston Restaurant_Retail Opportunity
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