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9812246
9812247

1557 Sherman Ave, Evanston, IL 60201

WC
IL IL 475132248
SVN Chicago Commercial
JM
IL 471013242
SVN | Chicago Commercial
Listed by SVN Chicago Commercial, SVN | Chicago Commercial
$23/SF/YR
527 days on market
Updated 2 days ago

Downtown Evanston Restaurant & Bar/Retail Opportunity

Building Details
Property Type Retail, Restaurant
Sub Type Second-Generation, Freestanding (+1)
Tenancy Multiple
Lease Type Modified Gross
Total Building SqFt 10,000
Vacant SqFt 7,500

Spaces

Restaurant | Divisible Spaces Many Possible Uses

Building 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.

Building highlights

  • ±10,000 SF Restaurant/Retail space in Downtown Evanston

  • 2nd Generation space with a fully functional kitchen

  • Divisible to ±2,500 & 7,500 SF spaces

  • Substantial restaurant, bar and tap room infrastructure and FF&E included

  • On-site parking lot for valet and daytime parking

  • Full basement for storage and back-of-the-house operations included

  • Seating for approx. 250 with multiple areas for standard service, banquets, parties, etc.

  • High traffic, high visibility location

  • Steps to Northwestern University campus, many shops, restaurants, office buildings and thousands of area residents

  • Close to both Metra and CTA Purple Line stations

  • Great demographics with approx. $130k Avg HH income and $624k home value within 1 mile

  • Many possible uses

  • Immediate availability

  • Do not disturb tenants

Listing Contacts

WC
IL IL 475132248
SVN Chicago Commercial
JM
IL 471013242
SVN | Chicago Commercial
Listed by SVN Chicago Commercial, SVN | Chicago Commercial

Map

Zoning

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D2 CommercialSpecial CommercialDowntown Retail Core
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

Property History

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Additional Information

Name
Wayne Caplan
License
IL 475132248
*All information is deemed reliable but not guaranteed. Lessee to verify all information.
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