Summit Argo, IL
Commercial Real Estate Market Trends & Data

$202 Avg asking sale price
$18 Avg asking lease rate
31,964 SF Avg unit lease size
13,284 SF Avg building size for sale
7.40% Average cap rate

Summit Argo's Demographic Profile

Summit Argo has 3,538 households and a median income of $53,953, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 11,439
# Households 3,538
Median age 36
Median household income $53,953
Avg household size 3.0
Renter-occupied housing units 1,786
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Summit Argo, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Summit Argo $102 14,903 SF 7.40%
Summit $102 14,903 SF 7.40%
Nearby Retail Markets Avg Cost/SF Typical Size
Summit Argo $190 7,352 SF
Summit $80 8,708 SF
La Grange $376 10,160 SF
Bedford Park $248 12,209 SF
Justice $317 5,659 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bridgeview $216 3,430 SF 9.52%
Berwyn $112 20,768 SF 9.83%
Cicero $86 19,915 SF 9.83%
Westchester $140 4,100 SF 7.59%

Commercial Properties For Sale in Summit Argo

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

8116 S Archer Ave

Willow Springs, IL 60480

  • 2,500 SF Retail Building
  • $799,000
For Sale

7117 S Roberts Rd

Bridgeview, IL 60455

  • 5,659 SF Retail Building
  • $1,795,000
For Sale

6244-6250 S Archer Rd

Summit Argo, IL 60501

  • 4,500 SF Retail Building
  • $235,000
For Sale

7621-7623 W 63rd St

Summit Argo, IL 60501

  • 3,000 SF Retail Building
  • $509,000
For Sale

7200 S Harlem Ave

Bridgeview, IL 60455

  • 2.38 AC Lot
  • 1 Commercial Lot
  • $3,200,000
For Sale

7850 Garden Ln

Justice, IL 60458

  • 0.41 AC Lot
  • 1 Commercial Lot
  • $49,500

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Summit Argo pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Summit Argo $285 13,284 SF
Summit $106 10,317 SF
McCook $224 22,046 SF
La Grange $263 10,807 SF

Regional Demographic Comparison

This comparison places Summit Argo alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Summit Argo or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Summit Argo 11,439 3,538 36 $53,953 3 1,786 -3%
Summit 10,851 3,343 36 $51,049 3 1,771 -3%
McCook 325 113 39 $65,192 3 30 5%
La Grange 15,773 5,644 42 $129,158 3 1,257 -3%
Hodgkins 1,984 750 41 $66,214 3 194 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Summit Argo, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Summit Argo

View All Commercial Real Estate For Sale in Summit Argo
Is Summit Argo a good market for a first-time commercial real estate investor?

Summit Argo offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Summit Argo?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Summit Argo. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Summit Argo?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Summit Argo. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Summit Argo compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Summit Argo. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Summit Argo acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Summit Argo, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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