Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
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For Sale
5 Properties Within 0.5 miles of: 2958 Central, Evanston

2958 Central
Evanston, IL 60201

Price

$450,000

Est Payment
$2,870 / month (details)  
Taxes
$6,531  
Type
Land  
Sq. Ft.
n/a  
Lot Size
30X140  
Neighborhood
Evanston  
MLS
#12712262
Status
Active

Property 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;

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling Central Air
  • Water
  • Sewer

Additional Information

Parking
Off Alley
Schools
Evanston Twp High School (202), District 165, District 65

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Nearby Transportation

  • Bus 206 < 0.1 mi
  • Bus 201 < 0.1 mi
  • Union Pacific North 1.0 mi
  • I 94 West 1.9 mi
  • I 94 East 2.0 mi
  • Hwy 41 North 2.5 mi
  • Hwy 41 South 3.7 mi
grid
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