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609 Dempster Street, Evanston, IL 60201

IG
IL 475132471, IL 475132471
Vestian Global Workplace Services
Listed by Vestian Global Workplace Services
Unpriced
24 days on market
Updated 16 days ago

601 Dempster, Evanston, IL

Details
Property Type Retail, Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 12,113
NOI $343,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 1
Pro-Forma NOI $424,000
Lot Size (SqFt) 20,037
Parking Spaces spaces
Investment Type Stabilized
Ground Lease No

Half Acre TOD Development Site in Evanston

Investment highlights

Located at a prominent intersection in Evanston, 601 Dempster represents a premier transit-oriented redevelopment opportunity characterized by its high-visibility frontage and significant "national brand gravity" due to its proximity to anchors like Target and Whole Foods. The property's new M2 zoning offers substantial flexibility for a high-density mixed use project that can capitalize on the consistent foot traffic of the Dempster corridor. With 30 parking spaces and a prime location just steps from the purple line, the site offers the rare logistical infrastructure needed to support high volume residential density. By securing this corner, and occupier can anchor their presence in one of Evanston's most sought after submarkets. Existing retail and residential tenancy generates current cash flow that helps offset carrying costs while entitlement, design, and predevelopment efforts are advance.

Listing Contacts

IG
IL 475132471, IL 475132471
Vestian Global Workplace Services
Listed by Vestian Global Workplace Services

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Loan Amount
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$343,000.00
$28,583.33/mo

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Additional Information

Name
Irv
License
IL 475132471
Title
Broker of Record
Brokerage Address
333W Wacker Dr, Chciago, IL, USA
Name
Irv Gilner
License
475132471
Brokerage
Vestian Global Workplace Services
Brokerage Phone
7735502548
Title
Executive Managing Director
Brokerage Address
333 West Wacker Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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