7201 W 63rd Street Summit, IL ^$ 2,000,000

7201 W 63rd Street

^$ 2,000,000

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7201 W 63rd Street

Summit, IL, 60501

^$ 2,000,000

Studio Baths0.0 Sq 4,550

Monthly Estimate*

^$ 13,971

7201 W 63rd Street, Summit, IL 60501 - Image 1

7201 W 63rd Street, Summit, IL 60501 - Image 2

7201 W 63rd Street, Summit, IL 60501 - Image 3

7201 W 63rd Street, Summit, IL 60501 - Image 4

7201 W 63rd Street, Summit, IL 60501 - Image 5

7201 W 63rd Street, Summit, IL 60501 - Image 6

Studio

Commercial Property for sale in Summit, IL

for $2,000,000. This 4,550 square foot building was built in 1970 on a lot size of 1.22463.

Hard Corner Strip Center at 63rd and Harlem with 12 additional lots to expand center, add parking, build separate retail or office building or more. 4 retail spaces fully leased inside the retail building with long term leases and good rents. Large sign on corner for all tenants and amazing visibility. Access to both Harlem as well as 63rd. Street. Just down the street from Seat Geek Stadium and near everything Harlem has to offer. Highly dense and strong vehicle traffic. Call for Financials and additional information.

Commercial Active

Price

^$ 2,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 78,884

Style

Lot Size

1.22463

Year Built

1970

Town/City

Summit

County/Region

Cook

MLS | Web ID

11613246

Features

General

Cooling Central Air

Year Built 1970

Electric Separate Meters

Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Insurance Scavenger Sewer Other

Stories 1

Township Lyons

Property SubType Shopping Center

Tax Year 2020

County Cook

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status Active

Directions Corner of 63rd and Harlem

City Summit

MLS Area Confidential Commercial Listings

Lot Size Square Feet 53345

Street Name 63rd

Tax Annual Amount 78884

Additional Parcels Y/N Y

Leasable Area 4550

Days on Market 538

Standard Status Active

Exterior

Building Area Total 4550

Lot Dimensions 100X425

Interior

Street Suffix Street

* Excluded Features

List By

@Properties Commercial

Broker

ianfeinerman@atproperties.com

Affordability Calculator

$20,544

Per Month

Monthly Principal & Interest: $13,971
Monthly Property Taxes: $6,574
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Summit, IL

Average List Price ^$904,980

Percent of Sale Price 55%

About Summit, IL

10,949 Population

3% Since 2002

^$47,359 Median Income

33.33 Median Age

45% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2023	$2,000,000	-33.31%	Price Down
8/25/2022	$2,999,000		Listed Price

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7201 W 63rd Street, Summit, IL, 60501 is a Commercial Property for sale at $2,000,000 with 4,550 sqft and a lot size of 1.22463. 7201 W 63rd Street is a studio with 0.0 baths and was built in 1970. The property's zip code is 60501 which is in Summit, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/28/2024.

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7201 W 63rd Street

Commercial Property for sale in Summit, IL

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