810-812 Grove Street

810–812 Grove Street is strategically positioned on the south side of Grove Street, just east of the signalized intersection of Grove Street and Sherman Avenue in the heart of Downtown Evanston, one of the Chicago metropolitan area's most established and desirable mixed-use districts. The property enjoys exceptional accessibility, located within walking distance of both the Davis and Dempster CTA Purple Line stations, the Davis Street Metra (Union Pacific North) station, and less than four (4) miles east of Interstate-94, providing convenient regional connectivity throughout the North Shore and downtown Chicago. The asset also benefits from its proximity to Northwestern University, one of the nation's premier research institutions, whose more than 23,000 students, faculty, and staff generate consistent year-round demand for dining, retail, and entertainment. Surrounding national and local retailers include Trader Joe's, Whole Foods Market, Walgreens, LA Fitness, Chase Bank, Panera Bread, McDonald's, Giordano's, Buffalo Joe's, Blaze Pizza, Dollop Coffee Co., and numerous boutique retailers, restaurants, and service providers that contribute to the area's vibrant commercial environment. Downtown Evanston is widely recognized as one of the strongest suburban retail markets in the Chicago region, supported by an affluent residential population, a highly educated workforce, and one of the highest pedestrian concentrations outside of the City of Chicago. The district serves as both the commercial center for Evanston and the primary retail destination for Northwestern University, creating a diverse customer base comprised of residents, students, professionals, and visitors. Strong demographic fundamentals, excellent public transportation access, and a dense mix of residential, office, hospitality, and institutional uses drive sustained foot traffic throughout the day and evening, resulting in consistently strong retailer performance and limited retail vacancy. As one of the North Shore's most established urban retail corridors, Downtown Evanston continues to attract both national brands and locally acclaimed operators, reinforcing its long-term appeal as a premier retail investment location.810–812 Grove Street presents the opportunity to acquire a fully leased retail investment in the heart of Downtown Evanston, anchored by two established restaurant and café tenants operating under triple-net (NNN) leases. The 8,042-square-foot property is occupied by Tian Bistro and Cupitol Coffee & Eatery, providing investors with stable, predictable cash flow and minimal landlord responsibilities. Situated within Evanston's vibrant downtown retail corridor, the property benefits from exceptional pedestrian traffic, affluent surrounding neighborhoods, Northwestern University's approximately 23,000 students, faculty, and staff, and immediate access to both CTA and Metra transit. Zoned D-2 (Downtown Retail Core District), the asset occupies a premier infill location with strong long-term real estate fundamentals, intrinsic land value, and future redevelopment potential. Generating a current Net Operating Income (NOI) of $245,048, 810–812 Grove Street offers investors a rare opportunity to acquire a passive, income-producing asset in one of Chicago's most desirable and supply-constrained suburban retail markets. Additionally, the property is submerged in a dominant retail corridor, with neighboring retailers including Trader Joe’s, Walgreens, Whole Foods, LA Fitness, Giordano’s Dollop Coffee, McDonald’s, Panera Bread, Buffalo Joe’s, Burger King, Blaze Pizza, Chili’s, and Chase Bank among others.