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2958 Central St
Evanston, IL 60201 Evanston

$450,000 USD

Land For Sale  •  0.1 AC

Property Details

  • Property Type Land
  • Lot Size 0.1 AC
  • Zoning B1a
50 Transit Score
80 Walk Score

Description

PREMIER INFILL DEVELOPMENT OPPORTUNITY ON CENTRAL STREET

Exceptional commercial land parcel located on North Evanston’s highly desirable Central Street commercial corridor. Measuring approximately 35' × 120' (~4,200 SF), this rectangular infill site offers a streamlined path for a ground-up mixed-use boutique development.

ZONING & DEVELOPMENT HIGHLIGHTS:

Zoning: B1a Business District with Central Street Subarea 5 (Mixed-Use B) Overlay Guidelines.
Density & Capacity: Base 2.0 Floor Area Ratio (FAR) allowing up to ~8,400 buildable GSF.
Height & Setbacks: 3-story / 40-foot max height envelope with 0-foot side yard setback potential to maximize street frontage.
Feasibility Concept: Ideal configuration for ~2,600 SF of ground-floor retail/commercial space paired with upper-story luxury residential apartments.
Access & Parking: Serviced by direct rear public alley access providing off-street parking layout options with potential Transit-Oriented Development (TOD) parking reductions.

EXISTING IMPROVEMENTS & SITE CONDITIONS: Includes an existing 495 SF standalone storefront structure offering immediate functional use or holding income during entitlement/permitting. Site is fully serviced with municipal utilities and confirmed free of asbestos. Sold AS-IS.

LOCATION ADVANTAGES: High-visibility, highly walkable corridor situated steps from the Central Street Metra Station, Endeavor Health Evanston Hospital, and Northwestern University athletic facilities.

Highlights

Prime Corridor Location: Highly visible ~4,200 SF infill site situated on North Evanston's premier Central Street commercial strip.
Favorable Zoning & Overlay: Zoned B1a Business District under the Central Street Subarea 5 Overlay, clear path for ground-up mixed-use development
Flexible Development Capacity: 2.0 base Floor Area Ratio (FAR) allowing up to ~8,400 GSF across 3 stories (40-ft max height limit).
Maximum Lot Yield: Permissible 0-foot side yard setbacks allow for a full 35-foot wide street-wall profile to maximize usable square footage.
Holding Income Potential: Includes an existing 495 SF brick storefront for short-term rental income while finalizing architecture and permitting.
Clean & Fully Serviced Site: Confirmed free of asbestos; site has direct access to municipal water, sewer, electric, and gas utilities.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Evanston Central Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 20 min 1.0 mi
Wilmette Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 1.3 mi
Transit/SubwayDriveWalkDistance
Evanston Central Street Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 20 min 1.0 mi
AirportDriveWalkDistance
Chicago O'Hare International 48 min - 18.8 mi
Chicago Midway International 47 min - 23.5 mi
PJ Dhawan 847-650-5729 Baird & Warner
PJ Dhawan 847-650-5729 Baird & Warner