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Property profile & analytics
OFF-MARKET
Commercial real estate

7201 63 St Summit, IL 60501

4,550 SF Built 1970
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,550 square foot retail strip center ideally situated on a hard corner at the intersection of 63rd Street and Harlem Avenue in Summit, Illinois. The property boasts four fully leased retail spaces with long-term leases in place, generating consistent rental income. The current tenants benefit from a large, highly visible corner sign, ensuring maximum exposure to the substantial vehicular traffic characteristic of this densely populated area. The strategic location offers convenient access from both Harlem Avenue and 63rd Street, placing the center in close proximity to SeatGeek Stadium and the numerous amenities of Harlem Avenue. A significant advantage of this property lies in the inclusion of twelve additional vacant lots, providing substantial potential for expansion. These lots offer flexibility for various development options, including increasing parking capacity, constructing additional retail or office space, or further expanding the existing retail center. Financial details and further information are available upon request. This property represents a rare chance to acquire a well-established, income-producing retail center with significant upside potential in a prime location.

Property profile
Verified
Property type Commercial real estate
Year built 1970
Total area 4,550 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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