Last Updated: 12/3/2016 9:41 PM
Description for 7407 Archer Avenue Summit, IL 60501
GREAT OPPORTUNITY TO OWN A SHOPPING CENTER IN A HEAVILY TRAVELED AREA. BUILDING CONSISTS OF 7 STORES WITH 6 TENANTS ON TRIPLE NET LEASES. 50 PARKING SPOTS. SUMMIT SHOPPING CENTER IS IN A PRIME LOCATION NEAR HARLEM & ARCHER, I-55 AND PORTILLO'S. NEARBY MIDWAY AIRPORT & TOYOTA PARK. OWNER HAS KEPT BUILDING IN SOLID CONDITION & PUT MANY UPDATES TO IT IN EXCESS OF $300,000.00. TENANT PAYS TAXES, HEAT AIR & COMMON AREA MAINTENANCE. NEW CONSTRUCTION IS BEING BUILT ACROSS THE STREET WHICH WILL BRING AN EXTRA CUSTOMER BASE. PLENTY OF ROOM TO GROW AND EXPAND YOUR NEW BUSINESS. PLEASE DO NOT DISTURB TENANTS. -------taxes will be reduced soon.
Exterior / Lot Features
Harlem to Archer Ave(55th St) - 2 blocks W of Harlem at 7401-7415 W Archer Ave
Listing Price History
Summit Real Estate
Summit is located in Illinois. Summit, Illinois 60501 has a population of 11,166.
The median household income in Summit, Illinois 60501 is $49,070. The median household income for the surrounding county is $54,648 compared to the national median of $53,046. The median age of people living in Summit 60501 is 29.6 years.
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