1335 Dodge Ave, Evanston, IL 60201
1335 Dodge Ave, Evanston, IL 60201
SOLD
Stable income at a potential 7.6% cap rate! This updated two-story office space features two units (potential to subdivide into three). The first unit boasts approximately 4,300sqft across two floors and has been rented to the same tenant since 2010. The second unit is approximately 1,000sqft and ready for your next tenant. The unit has been impeccably kept up to date with updated tuckpointing, roofing, furnaces, electrical, and plumbing. Don't miss out on this headache-free cash cow today!
The property has had significant updates over the years and is turn-key. Great opportunity to lease the remaining unit for cash flow. Tenant has approximately $27,000 in additional improvements planned for 2022. Currently, the main tenant is on lease until September 30, 2024, with the option to renew. Tenant is a federally backed non-profit and has not missed a payment during their 10+ year occupancy.
This listing is brought and spearheaded by our newest team member, Aaron Spiro. If you are interested in learning more, he's always excited for a chat about investment properties and strategy.
Coordinate Properties is a women-owned commercial real estate brokerage seeking to enhance commercial property visibility and real estate services to entrepreneurs in Chicago.
UNIT
Sq. Footage: 6,445 SF
Floor: 1+2
Cooling System: Central
Heating System: Central
BUILDING
Lot Size: 6,445 SF plus 10 parking spaces or .18 AC
Number of Floors: 2
Zoning: I-2, Evanston
Type of building: Office
AREA
Neighborhood: Evanston
Parking: Attached Lot
Neighbors in the Building: n/a
Neighbors in the Area: McDonald’s, Starbucks, Burger King, Edgewater Candles, Sharp Edge Crossfit
WALK SCORE: 80
TRANSIT SCORE: 48
Nearest Train: Dempster or Davis Purple Line Stop
Nearest Bus: 93, 206 - Dodge & Greenwood
