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Live-Work Loft Community 1703 Darrow St 19,750 SF 100% Leased Office Building Evanston, IL 60201 $5,215,500 CAD ($264.08 CAD/SF)
Investment Highlights
- Immediate Cash Flow
- Strong Tenant Base and Retention History
- Renovations completed in 2025
- Stabilized Property with Rent Upside
- Transitioning Neighborhood: Ongoing and Significant Public/Private Investment
- Just west of Downtown Evanston's abundant Restaurant, Entertainment, Transportation & Service Providers
Executive Summary
Ideal for 1031 and Long-Term Hold Investors. This stabilized property offers immediate cash flow and rent upside in a transitioning neighborhood.
Complete Offering Memorandum, including rent Roll, operating Expenses, Capital Expenditures, Survey, etc. available upon request by qualified buyers.
Complete Offering Memorandum, including rent Roll, operating Expenses, Capital Expenditures, Survey, etc. available upon request by qualified buyers.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
19,750 SF
Building Class
C
Year Built/Renovated
1929/2025
Price
$5,215,500 CAD
Price Per SF
$264.08 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,583 SF
Slab To Slab
15’
Building FAR
1.37
Lot Size
0.33 AC
Zoning
MXE - Mixed-Use Employment District fosters an environment where residential living, office & light manufacturing seamlessly coexist
Parking
16 Spaces (0.81 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Skylights
- Roof Terrace
- Air Conditioning
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $292,143 CAD | |
| Land Assessment | $24,025 CAD | Total Assessment | $316,168 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$24,025 CAD
Improvements Assessment
$292,143 CAD
Total Assessment
$316,168 CAD
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Live-Work Loft Community | 1703 Darrow St
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