2958 Central Street,Evanston, IL 60201
Evanston, IL 60201
Description
Attention developers, investors, and owner-users! Rare commercial opportunity on North Evanston's highly coveted Central Street corridor. This ~4,200 SF parcel (approx. 30' x 140') features an existing, asbestos-free 495 SF standalone brick storefront-ideal for immediate end-user operation (retail, office, studio) or steady holding income while securing development permits. Zoned B1a Neighborhood Business District with Subarea 5 (Mixed-Use B) Central Street Overlay guidelines, the site offers a base 2.0 FAR (~8,400 buildable GSF), 0-ft side yard setback potential, and a 3-story / 40-ft max height envelope for a streamlined ground-up build. Initial feasibility conceptualizes ~2,600 SF of ground-floor commercial space paired with upper-story luxury residential units (e.g., four 2BD/2BA apartments), complemented by rear alley access for 4 off-street parking spaces and potential TOD parking reductions. Permitted by-right uses include retail goods, service establishments, Type 1 restaurants, brew pubs, upper-story dwellings, live-work units, and upper-story professional offices. Boasting high foot traffic and excellent visibility, this prime location sits directly across from new Collective Coffee and is just blocks from public transit (Metra & CTA), Endeavor Health Hospital, Ryan Field, and Northwestern University. Sold AS-IS;
Details
| MLS # | 12712262 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 34 |
| Listing Provided By | Baird & Warner | Pankaj Dhawan |
Features
| Zoning | OTHER |
|---|
Interior
| Cooling | Central Air |
|---|---|
| Heating | Natural Gas |
Parking
| Parking Features | Off Alley |
|---|
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 6531 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60201 |
| Area | Evanston |
| School District | Evanston Twp High School |
| High School | Evanston Twp High School |
| Listing VS Median (in 60201) | |
Price: $450,000 low | high Med: $350,000 On site: 34 low | high Med: 100.5 | |
Market Activity 60201
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Evanston |
| Zip Code | 60201 |
| Area | Evanston |
| School District | Evanston Twp High School |
| High School | Evanston Twp High School |
| Listing VS Median (in 60201) | |
Price: $450,000 low | high Med: $350,000 On site: 34 low | high Med: 100.5 | |
