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Attractive mixed-use investment opportunity in Evanston's highly desirable Dempster corridor. Property consists of a 2,200 SF restaurant space with basement storage, two second-floor residential units, a large shared sun deck, and separately rented garage spaces. Commercial and residential tenants are currently month-to-month, with one residential unit vacant, providing immediate leasing or owner-occupancy potential. Existing rents are substantially below market, creating significant value-add potential through lease optimization. Current ownership has maintained long-term tenants at below-market rates, providing investors with a rare opportunity to acquire a cash-flowing asset with meaningful upside. All tenants pay their own utilities, and the commercial tenant pays 70% of the water bill while maintaining its own trash service. Formerly configured as a dental office, the entire second floor could easily be converted back into a single professional office suite, making it ideal for medical, dental, legal, accounting, or other professional service users seeking a highly visible Evanston location. Strong visibility, high traffic counts, established commercial corridor, flexible mixed-use configuration, and multiple potential use scenarios make this a compelling opportunity for investors and owner-users alike. Restaurant business is NOT for sale; real estate only. Property sold AS-IS. PLEASE DO NOT DISTURB TENANTS OR EMPLOYEES. DO NOT DISCUSS THE SALE WITH TENANTS, RESTAURANT STAFF, OR CUSTOMERS.

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Listed by Mark Anthony of arhome realty

Based on information submitted to MRED  as of June 10, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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