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1557 Sherman Ave
Evanston, IL 60201 Downtown Evanston

Rate Upon Request

Restaurant For Lease  •  7,500+ SF

Property Details

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

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Full Building Retail 7,500-10,000 SF Rate Upon Request
Lease rate is subject to offer. Second-generation restaurant/retail opportunity in downtown Evanston, IL - steps to the Northwestern University campus. This ±10,000 SF space has served Chicago's North Shore community as a restaurant space for many years. The space is both a fully functional ±7,500 SF restaurant space along a connected ±2,500 SF bar/taproom. The spaces can be leased separately.

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

Description

SVN Chicago Commercial is pleased to present an amazing second-generation restaurant/retail opportunity in downtown Evanston, IL - steps to the Northwestern University campus. This ±10,000 SF space has served Chicago's North Shore community as a restaurant space for many years. The space is both a fully functional ±7,500 SF restaurant space along a connected ±2,500 SF bar/taproom. The spaces can be leased separately. Substantial existing infrastructure is included in the lease including a hood with black-iron venting, walk-in coolers and freezer, prep tables, cooking appliances, tables, chairs, etc. The main restaurant space has a large center bar and the smaller bar space is set up as a tap room. There is also a full 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. 
DO NOT DISTURB TENANT OR THEIR EMPLOYEES. ALL INQUIRIES NEED TO BE VIA THE LISTING BROKERS.

Highlights

±10,000 SF Restaurant/Retail space in Downtown Evanston Divisible to ±2,500 & 7,500 SF spaces
2nd Generation space with a fully functional kitchen and Substantial restaurant, bar and tap room infrastructure and FF&E included
Full basement for storage and back-of-the-house operations included | On-site parking lot for valet and daytime parking | High traffic & visibility
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)) 0 min 5 min 0.3 mi
Evanston Main Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min 18 min 1.0 mi
Transit/SubwayDriveWalkDistance
Davis Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 4 min 0.2 mi
Dempster Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 5 min 0.3 mi
Foster Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 13 min 0.7 mi
Main Street Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 17 min 0.9 mi
Noyes Station (Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 18 min 1.0 mi
AirportDriveWalkDistance
Chicago O'Hare International 29 min - 15.6 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