Downtown Evanston Restaurant & Bar/Retail Opportunity

1557-63 Sherman Avenue, Evanston, IL 60201

  • For Lease Contact for pricing
  • Property Type Retail - Restaurant
  • Property Size 10,000 SF
  • Lot Size 0.34 Acre
  • Date Updated Jan 29, 2025
This high-profile location is in downtown Evanston, IL on Sherman Ave between Davis St. and Grove St. Downtown Evanston is always a coveted destination for retail and restaurant tenants, offering prospective retail tenants a dynamic mix of local shops, cutting-edge dining experiences, entertainment hotspots, hotels, office buildings and thousands of area residents with disposable income. Its immediate proximity to the massive Northwestern University campus, only steps away, provides a non-stop, diverse and affluent customer base. Evanston draws retail and restaurant traffic from both the north side of the city of Chicago and all of the adjacent north shore suburban communities. With its proximity to Lake Michigan and easy access to public transportation, tenants in this area are in a prime position to captivate local residents, students, and visitors alike. Join the thriving community of entrepreneurs and culinary innovators in this dynamic and sought-after market.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.
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Highlights

  • ±10,000 SF Restaurant/Retail space in Downtown Evanston
  • 2nd Generation space with a fully functional kitchen
  • Divisible to ±2,500 & 7,500 SF spaces
  • Substantial restaurant, bar and tap room infrastructure and FF&E included
  • On-site parking lot for valet and daytime parking
  • Full basement for storage and back-of-the-house operations included
  • Seating for approx. 250 with multiple areas for standard service, banquets, parties, etc.
  • High traffic, high visibility location
  • Steps to Northwestern University campus, many shops, restaurants, office buildings and thousands of area residents
  • Close to both Metra and CTA Purple Line stations
  • Great demographics with approx. $130k Avg HH income and $624k home value within 1 mile
  • Many possible uses
  • Immediate availability
  • Do not disturb tenant

Spaces Available

Contacts

broker

SVN | Chicago Commercial

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise
  • Transit Score ®

    59/100 Good Transit
  • Bike Score ®

    90/100 Biker's Paradise
Powered by Walk Score ®
  • City Evanston, IL
  • Zip Code 60201
  • Market Chicago

Points of Interest

  • Noyes

    0.87 miles

  • Main

    0.89 miles

  • Central

    1.28 miles

  • South Boulevard

    1.29 miles

  • Howard

    1.91 miles

  • Linden

    1.92 miles

  • Jarvis

    2.16 miles

  • Rogers Park

    2.53 miles

  • Wilmette

    2.60 miles

  • Kenilworth

    3.40 miles

  • Shell

    0.45 miles

  • Citgo

    0.67 miles

  • Mobil

    0.71 miles

  • Exxon

    1.36 miles

  • Valero

    1.41 miles

  • Amoco

    1.52 miles

  • Food 4 Less

    1.56 miles

  • BP

    1.57 miles

  • Volta Charging Station

    3.67 miles

  • Blink

    3.87 miles

  • Holiday Inn Parking

    0.08 miles

  • Sherman Plaza Self Park Garage

    0.14 miles

  • Music Admin Lot

    0.34 miles

  • Maple Avenue Garage

    0.36 miles

  • Foster-Walker South Lot

    0.49 miles

  • Locy Lot

    0.56 miles

  • Foster-Walker Noth Lot

    0.56 miles

  • Loading Zone

    0.57 miles

  • Handicapped Parking

    0.57 miles

  • Lakeside Parking Structure

    0.59 miles

  • Reza's Restaurant

    0.01 miles

  • Trattoria Demi

    0.02 miles

  • Edzo's Burger Shop

    0.02 miles

  • Subway

    0.02 miles

  • Potbelly

    0.03 miles

  • Aloha Pokē Co

    0.04 miles

  • Koi

    0.05 miles

  • Ridgeville Tavern

    0.05 miles

  • Peppercorns Kitchen

    0.05 miles

  • Kansaku

    0.05 miles

  • Target

    0.12 miles

  • Whole Foods Market

    0.15 miles

  • Trader Joe's

    0.42 miles

  • Jewel-Osco

    0.45 miles

  • American Toby Jug Museum

    0.78 miles

  • D&D Finer Foods

    0.88 miles

  • Valli Produce

    1.07 miles

  • TJ Maxx

    1.57 miles

  • Food 4 Less

    1.60 miles

  • Marshalls

    1.64 miles

Frequently Asked Questions

How much does retail space at 1557-63 Sherman Avenue cost?

The price for retail space for lease at 1557-63 Sherman Avenue is available upon request. Pricing of commercial spaces is largely dependent on things like location — especially proximity to areas that can be easily reached by car or public transit or enjoy high foot traffic — the overall size, features and condition of the space, and the lease structure. Safety and security in the area can also play an important role in choosing the most suitable retail space for a business.

What kind of retail space can I rent at 1557-63 Sherman Avenue?

The property has 10,000 square feet of rentable Restaurant space. Rental opportunities here are available under NNN lease terms.

Use the contact form at the top of this page to schedule a tour of the property with a broker and get further details on this listing.

How many parking spots are available at 1557-63 Sherman Avenue?

Reach out to the listing broker for more information on vehicle access and parking options at or near this property, as well as additional amenities that complement the retail experience at 1557-63 Sherman Avenue. You can find 5 parking option(s) and 1 fuel station(s) within a 0.5-mile radius.

Are there any potentially competing retail businesses in the area?

No, there are no spaces zoned for retail activities within a 0.5-mile radius around 1557-63 Sherman Avenue.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

SVN | Chicago Commercial

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