May 17, 2023 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of a retail property in Downtown Evanston, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,250,000.
The Evanston Downtown retail property is located at located at 1925-1931 Central Street and 2608 Prairie Street in Evanston, Illinois. The one-story building contains four storefront retail units in an excellent location in downtown Evanston. The Property has been well maintained and is currently fully occupied by the USPS, Laura Soskin Design, Aydin Dincer and Pinto Restaurant. The Property has strong historical occupancy and the anchor tenant, USPS, has been at this location for over 68 years, having moved into the Property in 1953. 1925-1931 Central Street & 2608 Prairie Street is situated on a corner parcel near the highly trafficked intersection of Central Street and Green Bay Road. The prime location is in a dense and retail rich area offering an appealing blend of prominent national tenants and local favorites. The area also offers a multitude of transportation and entertainment amenities along the Green Bay Road and Central Street corridors, notably the Evanston Central Street Metra Station and Ryan Field, home of the Northwestern University Wildcats. The Central Street Metra station, with service on the Union Pacific / North Line, is just 0.1 miles from the Property. There are also multiple bus routes stopping within walking distance of the Property along Central Street and Green Bay Road. Evanston is an affluent suburb of Chicago, located 12 miles north of the city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.