Evanston, Illinois offers a unique opportunity for investors to capitalize on the city's diverse economy and rich cultural landscape through its Specialty Properties for sale. With a population of approximately 80,000 residents, Evanston is an attractive location for businesses and individuals alike, boasting a strong presence of Northwestern University, a prominent research institution. Specialty Properties in Evanston represent a range of investments, from commercial and industrial spaces to unique properties that cater to the city's diverse needs. The city's well-developed infrastructure, including transportation services like the CTA's Purple Line and Metra's Union Pacific North Line, makes it an ideal location for businesses to thrive. Additionally, Evanston's amenities, such as Evanston Hospital and Ascension Saint Francis Hospital, and its scenic location along Lake Michigan, make it an attractive place to live and work. The city's geography, with its lakefront shoreline and nearby parks, also provides a unique setting for businesses and residents to enjoy. Notable companies like Magnetar Capital, ZS Associates, and Legacy.com have already established a presence in Evanston, contributing to the city's economic landscape. The city's cultural attractions, such as the Evanston Art Center and the Frances Willard House, also make it an attractive destination for tourists and locals alike.
Currently, there are 2 Specialty Properties for sale in Evanston, offering a range of investment opportunities. The average price per square foot for these properties is $97 USD, with an average size of 37,179 square feet. The largest property available is 64,000 square feet. In addition to Specialty Properties, Evanston also offers a range of other property types, including Shopping Centers, which can be found along bustling streets like Central Street and Dempster Street. Land is also available for development, with opportunities to build new properties in areas like Downtown Evanston and the Chicago Avenue corridor. Office Properties are also available, with many located near the city's transportation hubs, such as the Davis Street Metra and "L" stops. Warehouses are also an option, with many located near the city's industrial areas, providing easy access to transportation routes. Overall, Evanston's diverse range of property types and its strong economy make it an attractive location for investors and businesses alike.
What financing options are available for specialty property purchases?
When it comes to financing options for specialty property purchases in Evanston, Illinois, buyers have several choices to consider. For instance, commercial real estate loans (CRE loans), such as those discussed in our article at CRE loans, can provide the necessary funding for acquiring unique properties like the 2 available listings of specialty properties in Evanston, with an average price per square foot of $97 USD and an average size of 37,179 square feet.
