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7201 63 St Summit, IL 60501

Sponsored
For Sale
$2,000,000

High-traffic corner, 4 leased units, expansion potential.

Property size:
4,550 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
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 Features for 7201 63 St

General Information

Property type
Other commercial real estate
Square Feet
4,550 SF

Building Details

Year Built
1970

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Summit
County
Cook
State
Illinois
Longitude
-87.80109
Latitude
41.77715

FAQs

What type of property is this?
Commercial real estate - High-traffic corner, 4 leased units, expansion potential.
Where is this commercial real estate located?
The property is located at 7201 63 St Summit, IL.
What is the asking price?
The asking price for this property is $2,000,000.
More about this property
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