7450 W Archer Avenue Summit, IL $ 849,900
7450 W Archer Avenue
$ 849,900
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7450 W Archer Avenue

Summit, IL, 60501
$ 849,900
Bedrooms-- Baths--

Monthly Estimate*

$ 5,233

7450 W Archer Avenue, Summit, IL 60501 - Image 1
7450 W Archer Avenue, Summit, IL 60501 - Image 2
7450 W Archer Avenue, Summit, IL 60501 - Image 3
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7450 W Archer Avenue, Summit, IL 60501 - Image 7
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7450 W Archer Avenue, Summit, IL 60501 - Image 10
7450 W Archer Avenue, Summit, IL 60501 - Image 11

Commercial Property for sale in Summit, IL

for $849,900. This building was built in 1893 on a lot size of 0.459137.

Prime commercial land opportunity in the heart of Summit featuring a generous 100 x 200 ft parcel with B-1 neighborhood business / mixed-use commercial zoning. Excellent visibility and strong exposure with nearby IDOT reported traffic counts of approximately 17,500 to 24,500 vehicles per day, making this an outstanding location for a wide range of business and investment opportunities. Located within the Village's Enterprise Zone, offering potential special financing programs, tax incentives, and economic development benefits for qualifying projects. Buyers are encouraged to review the Village municipal code and permitted uses through Zoneomics Summit Code Index and the Village zoning resources for additional development possibilities. Ideal for retail, service businesses, mixed-use concepts, office, redevelopment, or long-term investment. Seller will also entertain land lease opportunities, creating additional flexibility for developers, investors, and business owners. Convenient location with strong traffic flow, established surrounding businesses, and easy access to major transportation corridors.

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Commercial Active

Price

$ 849,900

Property Type

Commercial

Taxes

$ 15,767

Style

Commercial

Lot Size

0.459137

Year Built

1893

Town/City

Summit

County/Region

Cook

MLS | Web ID

12654433

Features
General
Cooling None
Possession Closing
Zoning COMMR
Year Built 1893
Electric None
Stories Count 0
Township Lyons
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status New
Directions 1st Ave. south to Archer Ave.
City Summit
Number Of Units Total 0
MLS Area Summit
Lot Size Square Feet 20000
Tax Annual Amount 15767
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 20000
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

dom@atproperties.com;domandjudie@atproperties.com

Email

Affordability Calculator

$6,547
Per Month
80%
20%
0%
Monthly Principal & Interest
$5,233
Monthly Property Taxes
$1,314
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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$849,900 Listed Price

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7450 W Archer Avenue, Summit, IL, 60501 is a Commercial Property for sale at $849,900 with a lot size of 0.459137. 7450 W Archer Avenue was built in 1893. The property's zip code is 60501 which is in Summit, IL