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Investment Highlights
- Located on Archer Avenue, a heavily traveled corridor in Summit, Illinois.
- Features include forced air gas heat, window-unit air conditioning, and circuit breaker electric.
- Approximately 4,500 square feet across three retail units on a 120 x 180 lot.
- Adaptable layout suitable for retail, service, or neighborhood-oriented businesses.
Executive Summary
This single-story retail center offers a compelling investment or owner-user opportunity in Summit, Illinois. Positioned along highly traveled Archer Avenue, the property spans approximately 4,500 square feet across three individual retail units, providing flexibility for multiple tenants or a single occupant. The structure sits on a 120 x 180 lot and benefits from strong street exposure and convenient access to major thoroughfares, including Archer Road.
Originally constructed in 1919, the building retains its classic retail footprint while accommodating modern functionality. Current configurations include multiple tenant spaces, forced air gas heat, window-unit air conditioning, circuit breaker electric, and on-site utilities. With a reported annual income of $22,800 and individual spaces available for lease, this property presents an attractive value-add or repositioning opportunity. Its location within a dense Cook County market enhances its appeal for neighborhood-oriented businesses seeking visibility and accessibility.
Originally constructed in 1919, the building retains its classic retail footprint while accommodating modern functionality. Current configurations include multiple tenant spaces, forced air gas heat, window-unit air conditioning, circuit breaker electric, and on-site utilities. With a reported annual income of $22,800 and individual spaces available for lease, this property presents an attractive value-add or repositioning opportunity. Its location within a dense Cook County market enhances its appeal for neighborhood-oriented businesses seeking visibility and accessibility.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,500 SF
Building Class
C
Year Built
1959
Price
$274,900
Price Per SF
$61.09
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
MX - Mixed use
Frontage
80’ on Archer Rd
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-13-311-016-0000 | Improvements Assessment | $69,227 |
| Land Assessment | $28,989 | Total Assessment | $98,216 |
Property Taxes
Parcel Number
18-13-311-016-0000
Land Assessment
$28,989
Improvements Assessment
$69,227
Total Assessment
$98,216
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6244-6250 S Archer Rd
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