For Sale
Summit Argo, IL
Commercial Real Estate Market Trends & Data
$406 per SF
Avg asking sale price
$16 per SF
Avg asking lease rate
43,915 SF
Avg unit lease size
16,503 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% |
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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 Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| McCook | $224 | 25,334 SF | 5.80% |
| La Grange | $274 | 20,158 SF | 5.80% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Summit Argo | $544 | 5,591 SF |
| Summit | $110 | 6,454 SF |
| La Grange | $376 | 10,160 SF |
| Bedford Park | $605 | 12,519 SF |
| Lyons | $258 | 26,915 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Berwyn | $125 | 20,219 SF | 10.09% |
| Cicero | $91 | 19,765 SF | 10.09% |
| Chicago Lawn | $89 | 166,779 SF | 9.30% |
| Chicago | $178 | 35,459 SF | 25.00% |
Commercial Properties For Sale in Summit Argo
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $406 | 16,503 SF |
| Summit | $101 | 11,744 SF |
| McCook | $224 | 25,334 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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