Prime Location in Downtown Evanston; Approx. 20,458 SF Building on Approx. 10,920 SF Lot

1453 Maple Avenue Evanston 60201

1453 Maple Avenue, Evanston, 60201
1453 Maple Avenue, Evanston, 60201
FOR SALE
Property Type:
Other Residential
Amount:
$1,500,000
Last Verified:
Apr 14, 2021

Call for Offers! Offers due by May 17, 2021 Asking Price: $1,500,000 Cooperating Broker’s Commission: 2%-$395 Built: 1926 Lot Size: Approx. 10,920 SF Building Size: Approx. 20,458 SF (1st Floor Approx. 8,115 SF; 2nd Floor Approx. 8,115 SF; 3rd Floor Approx. 4,228 SF) Ceiling Heights: 15± feet (1st floor), 20±feet (2nd floor), 7.5 to 8±feet (3rd floor) and 10-12±feet (basement) Elevator: 1 Passenger Serving all Floors Restrooms: 6 2020 Taxes: Current Owner is Tax Exempt PIN #: 11-18-316-013 Zoning: R6; General Residential District Own a piece of Evanston history! Zoned R-6, General Residential District, this approximately 20,458 sf. building is set on an approximately 10,920 sf corner block site in a prime downtown location at the corner of Maple Avenue and Lake Street. This architecturally significant, two-story and part three-story, masonry constructed building with full basement is considered an Evanston Landmark by the City of Evanston, although it is not located in the Evanston Historical District. The R-6 zoning would allow for an adaptive re-use of the subject’s improvement as a residential property with up to fourteen units. The current layout includes a large meeting room, several small meeting/office rooms, 6 restrooms, 1 passenger elevator and ceiling heights ranging between 7.5 and 20 feet.

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Map of 1453 Maple Avenue, Evanston, 60201

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.