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1557 Sherman Ave
Evanston, IL 60201 Downtown Evanston

$23.00 USD/SF/YR

Restaurant For Lease  •  2,500+ SF

Property Details

  • Property Type Restaurant
  • Year Built 1984
  • Total Building Size 10,000 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning D2
62 Transit Score
98 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 2,500-7,500 SF $23.00 USD/SF/YR
SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant/retail opportunity in downtown Evanston, IL, steps from the Northwestern University campus. This 7,500 SF space has served Chicago's North Shore community as a high-volume restaurant space for many years. The lease includes substantial existing infrastructure, including several hoods with black-iron venting, walk-in coolers and freezers, prep tables, cooking appliances, tables, and chairs. The restaurant space has a large horseshoe-shaped bar. There is also a partial 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.

  • Date available: 60 Days
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description

SVN Chicago Commercial is pleased to present an exceptional second-generation restaurant/retail opportunity in downtown Evanston, IL, steps from the Northwestern University campus. This 7,500 SF space has served Chicago's North Shore community as a high-volume restaurant space for many years. The lease includes substantial existing infrastructure, including several hoods with black-iron venting, walk-in coolers and freezers, prep tables, cooking appliances, tables, and chairs. The restaurant space has a large horseshoe-shaped bar. There is also a partial 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.

Highlights

±7,500 SF Restaurant/Retail space in Downtown Evanston
2nd Generation space with a fully functional kitchen and Substantial restaurant, bar and tap room infrastructure and FF&E included
Join Giordano's Pizza- Opening in 2026
Seating for ±250 with areas for standard service, banquets, parties, etc. | Steps to Northwestern University campus, many shops, restaurants, etc.
Close to both Metra and CTA Purple Line stations | Great demographics with approx. $130k Avg HH income and $624k home value within 1 mi.
Many possible uses | Immediate availability | Do not disturb tenants

Property Flyers

Amenities

  • Restaurant
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Evanston Davis Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 5 min 0.3 mi
Evanston Main Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min 18 min 0.9 mi
Transit/SubwayDriveWalkDistance
Davis Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 5 min 0.2 mi
Evanston Davis Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 5 min 0.3 mi
Dempster Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 6 min 0.3 mi
Foster Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.7 mi
Noyes Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago O'Hare International 29 min - 15.5 mi
Chicago Midway International 38 min - 24.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Wayne Caplan 312-529-5791 SVN
Wayne Caplan 312-529-5791 SVN