Listing Agency: Metro Commercial Real Estate - Corporate Show Phone

Listed By: Sharon Bar-Shalom Show Phone

Source: Moodyscre

Added: Jun 2 Changed: Jul 27 Last Checked: Jul 29 at 4:11PM

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Investment Insights

Based on property information with market context.

This office building totals 6,690 square feet and is available for sale or lease. The property was formerly used as a bank and includes a fully finished basement, providing additional interior space beyond the main level.

The asset also features expansive parking, supporting convenient customer and employee access.

With its finished basement and bank-history layout, the building offers an established office configuration for prospective users reviewing the space for their needs.

Key Highlights

• 6,690 SF former bank building available for sale or lease
• Expansive parking on site
• 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.

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - A fully finished former bank office building with expansive parking and a completed 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 former bank building available for sale or lease; Expansive parking on site; Includes a fully finished basement