Commercial Land in Evanston, Illinois, offers a unique investment opportunity for those looking to tap into the city's diverse economy and infrastructure. With 7 listings available, Commercial Land in Evanston presents a range of possibilities for investors, from retail and office spaces to industrial and manufacturing facilities. As a hub for finance, consulting, manufacturing, and online services, Evanston's economy is driven by notable companies like Magnetar Capital, ZS Associates, Clayton Mark and Company, and Legacy.com. The city's proximity to Chicago, excellent transportation infrastructure, and highly educated population make it an attractive location for businesses and investors alike. Additionally, Evanston's amenities, such as Evanston Hospital and Ascension Saint Francis Hospital, Ladd Arboretum, Grosse Point Lighthouse, and Lighthouse Beach, contribute to its desirability. With an average price per square foot of and average size of square feet, Commercial Land in Evanston offers a compelling investment opportunity.
Located on the North Shore of Lake Michigan, Evanston's Commercial Land is situated near major transportation hubs, including the CTA's Purple Line, Metra's Union Pacific North Line, and the CTA's Yellow Line. The city's diverse neighborhoods, such as Downtown Evanston, Central Street, Dempster Street, Main Street, Howard Street, and Chicago Avenue, offer a range of commercial opportunities. With an average cap rate of , Commercial Land in Evanston presents a stable investment option. Whether you're looking to invest in a small retail space or a large industrial facility, Evanston's Commercial Land has something to offer. With its strong economy, excellent infrastructure, and desirable amenities, Evanston is an attractive location for businesses and investors alike.
What are common commercial uses for land in the Evanston market?
Common commercial uses for land in the Evanston market include office spaces, retail stores, and restaurants, which cater to the city's diverse population and the presence of Northwestern University. Additionally, the land is also used for healthcare facilities, such as Evanston Hospital and Ascension Saint Francis Hospital, as well as for manufacturing and online services, reflecting the city's economic sectors.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Evanston, Illinois, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or purchase land at a public auction, as outlined in our article on how to buy land.
