7450 W Archer Avenue,Summit, IL 60501
Summit, IL 60501
Description
Prime commercial land opportunity in the heart of Summit featuring a generous 100 x 200 ft parcel with B-1 neighborhood business / mixed-use commercial zoning. Excellent visibility and strong exposure with nearby IDOT reported traffic counts of approximately 17,500 to 24,500 vehicles per day, making this an outstanding location for a wide range of business and investment opportunities. Located within the Village's Enterprise Zone, offering potential special financing programs, tax incentives, and economic development benefits for qualifying projects. Buyers are encouraged to review the Village municipal code and permitted uses through Zoneomics Summit Code Index and the Village zoning resources for additional development possibilities. Ideal for retail, service businesses, mixed-use concepts, office, redevelopment, or long-term investment. Seller will also entertain land lease opportunities, creating additional flexibility for developers, investors, and business owners. Convenient location with strong traffic flow, established surrounding businesses, and easy access to major transportation corridors.
Details
| MLS # | 12654433 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1893 |
| Days On Site | 127 |
| Listing Provided By | @properties Christie's International Real Estate | Dominick Clarizio |
Features
| Zoning | COMMR |
|---|---|
| Acreage | 20000.00 |
Interior
| Cooling | None |
|---|
Utilities
| Electric | None |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 7450 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Summit |
| Zip Code | 60501 |
| Area | Summit |
| Listing VS Median (in 60501) | |
Price: $849,900 low | high Med: $384,450 On site: 127 low | high Med: 46 | |
Market Activity 60501
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Summit |
| Zip Code | 60501 |
| Area | Summit |
| Listing VS Median (in 60501) | |
Price: $849,900 low | high Med: $384,450 On site: 127 low | high Med: 46 | |
