7225 W 59th Street Summit, IL $ 1,250,000
7225 W 59th Street
$ 1,250,000
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7225 W 59th Street

Summit, IL, 60501
$ 1,250,000
Baths0.0

Monthly Estimate*

$ 7,696

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Studio

Lots and Land for sale in Summit, IL

for $1,250,000. The lot size is 0.91.

Positioned on a 39,744 square foot fully fenced and gated industrial lot, this property offers exceptional functionality, flexibility, and future potential for a wide range of business and investment opportunities. The site currently features an approximately 14,000 square foot industrial building operating as a body shop, presenting a rare opportunity for an owner-user, investor, or developer seeking a strategically located industrial asset. The expansive lot provides substantial outdoor space ideal for vehicle parking, equipment storage, fleet operations, outdoor inventory, or contractor use. Beyond its current use, the property also offers attractive redevelopment potential for buyers looking to maximize the site's value and explore future opportunities. Conveniently located with easy access to major highways, the property delivers strong logistical advantages for transportation, distribution, and everyday operations. Its versatile configuration may accommodate a variety of industrial uses including warehouse, manufacturing, distribution, service operations, contractor facilities, or other permitted uses. Bring your vision and business plans to life in a property that combines existing income-producing utility with long-term upside potential. Buyers are encouraged to contact the Village of Summit to verify zoning requirements and determine whether their intended use is permitted. A unique opportunity offering accessibility, flexibility, redevelopment potential, and room for growth.

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Lots and Land Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 51,364

Style

Industrial

Lot Size

0.91

Town/City

Summit

County/Region

Cook

MLS | Web ID

12654977

Features
General
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing Negotiable
Zoning INDUS
Township Lyons
Tax Year 2024
Current Use Industrial
Ownership Fee Simple
County Cook
Property Type Land Land
Possible Use Commercial Industrial
Status New
Directions Harlem Ave North or South to 59th Street West to the Property
City Summit
High School District 299
MLS Area Summit
Tax Annual Amount 51364.64
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Exterior
Water Source Municipal Water
Total Parking 0
Lot Dimensions 180 x 221 x 180 x 220
Lot Size Acres 0.91
Road Surface Type Asphalt
Frontage Length 180
Frontage Type City Street
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
The Leading Realtors Corp.

Broker

jimmantas@gmail.com

Email

Affordability Calculator

$11,977
Per Month
64%
36%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$4,280
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1,250,000 Listed Price

Map


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7225 W 59th Street, Summit, IL, 60501 is a Lots and Land for sale at $1,250,000 with a lot size of 0.91. 7225 W 59th Street is a studio with 0.0 baths. The property's zip code is 60501 which is in Summit, IL