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Commercial Land for Sale in Evanston, Illinois

2958 Central St, Evanston, IL 60201

$450,000
0.096 acres
Active sale
Est $2,843/mo

Attention developers, investors, and owner-users! Rare commercial opportunity on North Evanston's highly coveted Central Street corridor. This ~4,200 SF parcel (approx. 30' x 140') features an existing, asbestos-free 495 SF standalone brick storefront-ideal for immediate end-user operation (retail, office, studio) or steady holding income while securing development permits. Zoned B1a Neighborhood Business District with Subarea 5 (Mixed-Use B) Central Street Overlay guidelines, the site offers a base 2.0 FAR (~8,400 buildable GSF), 0-ft side yard setback potential, and a 3-story / 40-ft max height envelope for a streamlined ground-up build. Initial feasibility conceptualizes ~2,600 SF of ground-floor commercial space paired with upper-story luxury residential units (e.g., four 2BD/2BA apartments), complemented by rear alley access for 4 off-street parking spaces and potential TOD parking reductions. Permitted by-right uses include retail goods, service establishments, Type 1 restaurants, brew pubs, upper-story dwellings, live-work units, and upper-story professional offices. Boasting high foot traffic and excellent visibility, this prime location sits directly across from new Collective Coffee and is just blocks from public transit (Metra & CTA), Endeavor Health Hospital, Ryan Field, and Northwestern University. Sold AS-IS;

Sq feet

Location

Street address
2958 Central St
Zip code
60201
Community
Evanston
School district
202
Elevation
610 feet
Coordinates
42.0643, -87.7173

Directions

On Central Street in Evanston. East of Central Park Avenue. Park in the back thru the alley.

Property details

Lot size
0.096 acres4,182 sq ft
MLS #
MRED 12712262
Posted

Property taxes

2023
$6,531

Parcels

  • 10112000040000

Details and features

Listing

Type
Land

Exterior

Parking
Off Alley

Structure

Heating
Natural Gas
Cooling
Central Air

Property utilities

CategoryTypeStatus
GasNatural GasConnected
WaterPublicAvailable

Nearby schools

NameTypeDistrict
Evanston TWP High SchoolHigh202

Listing history

DateEventPriceChangeSource
July 24, 2026New listing$450,000MRED
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This 0.096-acre property is located at 2958 Central St in Evanston, IL 60201. The property is available for sale, priced at $450,000. It has a structure.

Listed by Baird & Warner, (312) 857-9940

Checked 2 hours agoUpdated Source

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