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2958 Central Street Evanston, IL 60201

$450,000
Active / MLS# 12712262 / Land - Residential / Evanston
0 Beds

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;

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Baird & Warner Lisa Prendergast 224.723.0465 Email

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Estimated Payment

$ 1,675.50 per month $1,000.00 Principal & Interest $544.25 Property Tax $131.25 Homeowner's Insurance
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Property Details

Property Type: Land - Residential
Lot Size: 0.10 Acres
Taxes: $6,531

Feature Descriptions

Frontage: 35
Frontage Type: City Street
Lot Dimensions: 35x120
Parcel#: 10112000040000
Road Surface: Asphalt
Township: Evanston
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Schools

High School: Evanston Twp High School
School District: District 202

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

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