Listing Agency: Metro Commercial Real Estate - Corporate Show Phone

Listed By: Sharon Bar-Shalom Show Phone

Source: Moodyscre

Added: Jun 2 Changed: Jul 25 Last Checked: Jul 29 at 3:44PM

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Investment Insights

Based on property information with market context.

Available for sale or lease, this former bank office building offers 6,690 square feet of space and an expansive parking area for tenant and customer use. The property also includes a fully finished basement, providing additional interior area beyond the main level.

The building is located at 7549 W 63rd St in Summit Argo, Illinois. Its former bank configuration may be well suited for office uses that can take advantage of the on-site parking and the additional finished lower-level space.

The offering is supported by the existing improvements described above, including the fully finished basement and the substantial parking lot.

Key Highlights

• 6,690 SF office building available for sale or lease
• Former bank building with expansive parking
• Includes a fully finished basement

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Pharmacy Skin Care Clinic Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

512

Businesses Nearby

Explore this area Business Placement

Demographics for 60501, IL

11,746

Population

4,134

Households

2.8

Avg Household Size

34

Median Age

13%

College-Educated

69%

High-School Grad

4.4 sq mi

ZIP Area

2,670

Density / Sq Mi

$62,110

Median Household Income

$34,728

Median Earnings

$1,017

Median Rent

$227,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - A 6,690 SF office building with an expansive parking area and a fully finished basement.

Where is this office building located?

The property is located at 7549 W 63rd St Summit-Argo, IL.

What are key features of this property?

This property features: 6,690 SF office building available for sale or lease; Former bank building with expansive parking; Includes a fully finished basement