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5818 S Archer Rd 19,806 SF 100% Leased Office Building Summit, IL 60501 $1,900,000 ($95.93/SF)
Investment Highlights
- Roughly 90% leased on short term leases
- Ideal owner occupied with existing tenants to offset the mortgage
Executive Summary
+ Total Available: 17,791 SF
+ Pricing: Subject to Offer
+ PIN: 18-13-100-014-0000
+ Property Taxes: (2023 Paid 2024) $104,060.89 ($5.85 PSF)
$1,900,000
+ Pricing: Subject to Offer
+ PIN: 18-13-100-014-0000
+ Property Taxes: (2023 Paid 2024) $104,060.89 ($5.85 PSF)
$1,900,000
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
19,806 SF
Building Class
C
Year Built/Renovated
1946/1959
Price
$1,900,000
Price Per SF
$95.93
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,000 SF
Building FAR
0.38
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
B-3, Summit - Business office building
Parking
40 Spaces (2.05 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Controlled Access
- Food Service
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- On-Site Security Staff
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18-13-100-014-0000 | Improvements Assessment | $150,024 |
| Land Assessment | $146,976 | Total Assessment | $297,000 |
Property Taxes
Parcel Number
18-13-100-014-0000
Land Assessment
$146,976
Improvements Assessment
$150,024
Total Assessment
$297,000
(630) 735-8733
x129
Contacts
-
Andrew Bobak -
Rawly Lantz, SIOR -
Justin Harris -
Cawley Commercial Real Estate
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