Evanston, Illinois offers a unique opportunity for investors to purchase Warehouses, with 3 listings currently available. Warehouses in Evanston represent a diverse range of investment opportunities, from storage and distribution facilities to light manufacturing and office spaces. As a hub for industry and commerce, Evanston's Warehouses offer a strategic location for businesses looking to establish a presence in the Chicago metropolitan area. With its proximity to Northwestern University, Evanston Hospital, and Ascension Saint Francis Hospital, the city provides a skilled workforce and access to top-notch healthcare facilities. Additionally, Evanston's transportation infrastructure, including the CTA's Purple Line and Metra's Union Pacific North Line, makes it an attractive location for businesses that require easy access to Chicago and the surrounding suburbs. The city's scenic lakefront location and cultural attractions, such as the Grosse Point Lighthouse and the Evanston Art Center, also make it an desirable place to live and work.
Evanston's Warehouses are situated in a variety of neighborhoods, including Downtown Evanston, Central Street, and Dempster Street, each offering a unique blend of amenities and services. In addition to Warehouses, Evanston also offers a range of other property types, including Industrial Properties, which are ideal for heavy manufacturing and logistics operations; Land, which can be developed for a variety of uses, including residential, commercial, and industrial projects; Residential Income Homes, which provide a steady stream of rental income for investors; and Commercial Real Estate, which includes office buildings, retail spaces, and restaurants. With its diverse economy, skilled workforce, and high quality of life, Evanston is an attractive location for businesses and investors alike. The city's average price per square foot for Warehouses is $136 USD, with an average size of 22,517 square feet and a largest size of 41,250 square feet. The average cap rate for Warehouses in Evanston is.
What are the key features investors look for in warehouses in Evanston?
When searching for warehouses in Evanston, investors typically look for key features that can impact the property's value, functionality, and potential for returns.
- Location: Proximity to transportation hubs, such as the CTA's Purple Line and Metra's Union Pacific North Line, is crucial for easy access to Chicago and other surrounding areas, making it an attractive feature for investors.
- Size and layout: Warehouses with flexible layouts and sufficient square footage, such as those with an average size of 22,517 square feet, can accommodate various business needs and are more desirable to investors.
- Condition and amenities: Investors often look for warehouses with modern amenities, such as updated electrical and plumbing systems, and those that are well-maintained, which can impact the property's value and potential for rental income, with an average price per square foot of $136 USD and an average cap rate of.
What size warehouses are available to buy in Evanston?
Warehouses for sale in Evanston range in size from approximately 6,300 square feet to 41,250 square feet, with an average size of 22,517 square feet.
How much does it cost to buy a warehouse in Evanston?
Currently, there are 3 warehouse listings available for sale in Evanston, with an average price per square foot of $136 USD and an average size of 22,517 square feet, ranging from smaller facilities to larger ones with a maximum size of 41,250 square feet, offering a range of options for businesses and investors looking to purchase a warehouse in the area.
