Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5818 S Archer Rd Summit, IL 60501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,900,000

    17,791 SF office building, ideal for owner occupancy.

    Property size:
    17,791 SF
    Lot size:
    1.14 Acres

    Property Features for 5818 S Archer Rd

    General Information

    Size
    17,791 SF
    Lot size
    1.14 Acres

    Source: Cawley Chicago Agent Andrew Bobak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Summit Office Building For Sale

    This 17,791 square foot office building is available for sale. The property is approximately 70% leased with short-term leases. Property taxes for 2023, paid in 2024, were $104,060.89, which equates to $5.85 per square foot. The property is ideally suited for owner occupancy, with existing tenants potentially offsetting mortgage costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Cook
    State
    Illinois
    Longitude
    -87.811715
    Latitude
    41.785208

    Nearby Similar for Sale

    • New
      $409,000
      0.11 Acres

      Summit Legal Two-Unit Building

      Spacious Summit two-unit with expansion potential in high-demand rental area.
      7346 W 57 Pl, Summit, IL 60501
      View Details
    • $349,880

      Summit Two-Flat with B-2 Potential

      Well-maintained two-flat in Summit, ideal for investors or owner-occupants.
      7318 W Archer Ave, Summit, IL 60501
      View Details
    • $849,000
      5,000 SF

      Established Daycare Business Opportunity

      Thriving daycare business, building, and land for sale in Summit.
      9999 Day Care Confidential Dr, Summit, IL 60501
      View Details
    • $1,899,000
      4,550 SF

      Corner Strip Center with Expansion Potential

      Strip center with expansion lots in high-traffic location.
      7201 W 63 St, Summit, IL
      View Details
    • $2,000,000
      4,550 SF

      Summit Retail Center Investment Opportunity

      High-traffic corner, 4 leased units, expansion potential.
      7201 63 St, Summit, IL 60501
      View Details
    • $299,000

      Summit Mixed-Use Investment Opportunity

      Prime Location, Turn-Key Bar & Apartment
      6105 Archer Rd, Summit, IL 60501
      View Details

    FAQs

    What type of property is this?
    Office building - 17,791 SF office building, ideal for owner occupancy.
    Where is this office building located?
    The property is located at 5818 S Archer Rd Summit, IL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Ideal for owner-occupier with existing tenants to offset mortgage.; - Total available space: 17,791 SF.; - Roughly 70% leased on short-term leases.
    (630) 536-4267
    Request Owner's contact information
    5818 S Archer Rd Summit, IL 60501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5818 S Archer Rd
    Summit, IL 60501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5818 S Archer Rd Summit, IL 60501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.