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;
— the listing agent’s description
The home
Lot 30X140
Land
What it’ll cost
$6,531 taxes / yr
No HOA
17 days on dwello
Estimated monthly payment
$3,068/mo
Principal & interest$2,393
Property taxes$544
Homeowners insurance$131
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
Central AirNatural GasOff Alley
Schools
High — Evanston Twp High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.