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7407 Archer Avenue,  Summit IL, 60501

9,140 sqft
Status: Active
MLS#: 09299568
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Last Updated: 12/10/2016 6:39 AM
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.
Price
$900,000
Cook
9,140 (approx)
09299568
Active
Listing Information
Theatre
Property Type: Mixed Use, Other
0.66 Acres 9,140 (approx) 1980
LYONS//
Other
Neighborhood
Room Information
Interior Features
Central Air
Forced Air, Central
Exterior / Lot Features
50 Parking Spaces,
None
0.66 ACRES
RTAIL
Driving Directions
Harlem to Archer Ave(55th St) - 2 blocks W of Harlem at 7401-7415 W Archer Ave
Financial Considerations
18132010270000
$68,000
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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Courtesy: Wm C Groebe & Co.
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