7355 W Archer Ave - Storefront Retail/Office FOR SALE


Summit, IL 60501
$1,095,000 USD
708-715-4059
7355 W Archer Ave, Summit, IL for Sale
$1,095,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 6.4% Cap Rate

7355 W Archer Ave
Summit, IL 60501


HIGHLIGHTS

  • Great location

OVERVIEW

NOTE: THE REAL ESTATE TAXES FOR 2023 PAID IN 2024 WERE RECENTLY REDUCED FOR THE NEXT 3 YEARS TO $52,011 ANNUALLY ALSO WE RECEIVE ADDITIONAL REFUNDS FROM PTAB. FULLY LEASED 10,014 SF SOLID BRICK BUILDING ,ALL HVAC SYSTEMS WERE REPLACED RECENTLY, PROPERTY ZONED (B-2 GENERAL BUSINESS). PLENTY OF PARKING IN FRONT & REAR LOTS (LOT 21,070 S.F.) GREAT EXPOSURE ON BUSY ARCHER AVE, 2 BLOCKS WEST OF HARLEM AVE,

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SUMMIT CENTER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Convenience Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

B-2

APN/PARCEL ID

18-13-203-004-0000

ASK ABOUT THIS PROPERTY

Gus TzoumasGDT Properties, IncMore Info
708-715-4059

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Gus TzoumasGDT Properties, IncMore Info
708-715-4059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.