5601 S Archer Road Summit, IL ^$ 1,200,000

5601 S Archer Road

^$ 1,200,000

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5601 S Archer Road

Summit, IL, 60501

^$ 1,200,000

Studio Baths0.0 Sq 3,700

Monthly Estimate*

^$ 8,382

5601 S Archer Road, Summit, IL 60501 - Image 1

5601 S Archer Road, Summit, IL 60501 - Image 2

5601 S Archer Road, Summit, IL 60501 - Image 3

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5601 S Archer Road, Summit, IL 60501 - Image 7

Studio

Commercial Property for sale in Summit, IL

for $1,200,000. This 3,700 square foot building was built on a lot size of 0.275482.

Long time 34 Year owner looking to retire! Turn key welling established auto body shop! 1 acre property! Property features: Nice office & 2 bathrooms, new compressor, high end spray booth, and security system w/ high quality 4K cameras. Huge client list and many accounts! 1 acre of land located on busy Archer Rd, right off I55, min. to all expressways, & 10 min. to downtown Chicago! Ideal for any new development!! Too much to mention!! Call for details!! Highly confidential! Do not disturb employees!

Commercial Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,462

Style

Auto Dealer,Auto Service

Lot Size

0.275482

Town/City

Summit

County/Region

Cook

MLS | Web ID

11983258

Features

General

Cooling Central Air

Possession Closing

Zoning COMMR

Electric Service - 201 to 600 Amps

Tenant Pays Other

Stories 1

Tax Year 2022

Current Use Commercial Development Other

Business Type Auto Dealer Auto Service Other

County Cook

Operating Expense 999

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Commercial Conditional Use Condominium Estate Industrial Legal Non Conforming Liquor License Non Conforming Other Office and Research Development Recreational Residential Multi-Family Retail Special

Status Active

Directions 1st Ave to Archer Rd or Harlem to Archer Rd to property.

City Summit

MLS Area Summit

Lot Size Square Feet 12000

Street Name Archer

Tax Annual Amount 8462

Additional Parcels Y/N Y

Days on Market 23

Standard Status Active

Exterior

Building Area Total 3700

Lot Dimensions 130X32

Frontage Type City Street

Interior

Street Suffix Road

* Excluded Features

List By

Skydan Real Estate Sales, Llc

Broker

christiano@skydangroup.com

Affordability Calculator

$9,088

Per Month

Monthly Principal & Interest: $8,382
Monthly Property Taxes: $705
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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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 25%

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
2/20/2024	$1,200,000		Listed Price

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5601 S Archer Road, Summit, IL, 60501 is a Commercial Property for sale at $1,200,000 with 3,700 sqft and a lot size of 0.275482. 5601 S Archer Road is a studio with 0.0 baths. 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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5601 S Archer Road

Commercial Property for sale in Summit, IL

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