Commercial: MLS #12773039 Summit, IL $ 975,000
Commercial: MLS #12773039
$ 975,000
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Commercial: MLS #12773039

Summit, IL, 60501
$ 975,000
Bedrooms-- Baths-- Sq 10,014

Monthly Estimate*

$ 6,156

MLS #/Web ID: 12773039 - Image 1

Commercial Property for sale in Summit, IL

for $975,000. This 10,014 square foot building was built in 1986 on a lot size of 0.482094.

Highly visible, six-storefront shopping center in Summit. Situated along a busy road near a heavily traveled intersection and an I-55 exit, the property combines prominent street exposure with convenient access for customers and employees. The approximately 10,000-square-foot, single-story brick building features large storefront windows, individual entrances, and a continuous covered awning. Approximately 36 parking spaces in front and behind the building accommodate customers and employees. Built in 1982, the property occupies approximately 0.46 acres and is zoned B-2 General Business. All HVAC systems have been replaced. Offered at $975,000, a price of roughly $97.50 per square foot. A vacant 1,500-square-foot storefront offers potential for additional income, with possible modest rental growth over time as leases renew. With six storefronts, ample parking, strong visibility, and nearby interstate access, the center offers investors an income-producing property with potential for additional income.

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Commercial Active

Price

$ 975,000

Property Type

Commercial

Taxes

$ 52,011

Style

Medical/Dental

Lot Size

0.482094

Year Built

1986

Town/City

Summit

County/Region

Cook

MLS | Web ID

12773039

Features
General
Cooling Central Individual
Zoning COMMR
Year Built 1986
Electric Separate Meters Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat Insurance Sewer
Stories Count 1
Township Lyons
Tax Year 2024
Current Use Medical/Dental
Gross Income 115500
County Cook
Net Operating Income 79522
Operating Expense 59054
Property Type Commercial Sale Office/Tech
Status New
Directions call listing agent for directions
City Summit
Number Of Units Total 6
MLS Area Summit
Lot Size Square Feet 21000
Tax Annual Amount 52011
Additional Parcels Y/N N
Leasable Area 2200
Standard Status Active
Cap Rate 8
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Exterior
Building Area Total 10014
Lot Dimensions 127 X 199
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* Excluded Features
List By
Ellsbury Group Llc

Broker

NataliaNashSells@gmail.com

Email

Affordability Calculator

$10,491
Per Month
59%
41%
0%
Monthly Principal & Interest
$6,156
Monthly Property Taxes
$4,334
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2026$975,000 Listed Price

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