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7549 W 63rd St 6,690 SF of Retail Space Available in Summit Argo, IL 60501
Highlights
- The site benefits from strong surrounding retail tenancy, including USPS.com, ACE Hardware, and Dollar Tree
- Excellent visibility along key corridors with traffic counts of up to 44,000 vehicles per day on Harlem Avenue.
- Formerly occupied by a bank, the property features expansive on-site parking and includes a fully finished basement
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,690 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This 6,690 SF freestanding building is available for sale or lease and offers a highly adaptable layout suitable for a variety of commercial uses. Formerly occupied by a bank, the property features expansive on-site parking and includes a fully finished basement, providing additional functional space. The site benefits from strong surrounding retail tenancy, including USPS.com, ACE Hardware, and Dollar Tree, as well as excellent visibility along key corridors with traffic counts of up to 44,000 vehicles per day on Harlem Avenue. The property is further supported by dense surrounding population and strong household incomes within a five-mile radius.
- Partially Built-Out as a Bank
- Space is an outparcel at this property
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 7549 W 63rd St, Summit Argo, IL 60501
- Tenant
- Description
- US Locations
- Reach
- BMO
- Bank
- 1,433
- International
| Tenant | Description | US Locations | Reach |
| BMO | Bank | 1,433 | International |
Property Facts
| Total Space Available | 6,690 SF | Year Built | 1990 |
| Property Type | Retail | Parking Ratio | 2.77/1,000 SF |
| Property Subtype | Bank | Cross Streets | 76th Ave. |
| Gross Leasable Area | 6,690 SF |
| Total Space Available | 6,690 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 6,690 SF |
| Year Built | 1990 |
| Parking Ratio | 2.77/1,000 SF |
| Cross Streets | 76th Ave. |
About the Property
Freestanding 6,690 SF commercial building available for sale or lease. The property was formerly operated as a bank and includes expansive surface parking and a fully finished basement. Surrounding area tenants include USPS.com, ACE Hardware, and Dollar Tree. The site benefits from strong traffic exposure along W 63rd Street, Archer Avenue, and Harlem Avenue, with counts ranging from approximately 17,000 to 44,000 vehicles per day. The immediate trade area is supported by dense population and above-average household incomes within a five-mile radius.
- Pylon Sign
- Signage
Nearby Major Retailers
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7549 W 63rd St
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