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    6105 Archer Rd Summit, IL 60501

    Sponsored
    For Sale
    $299,000

    Prime Location, Turn-Key Bar & Apartment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional mixed-use property at 6105 S Archer Road, Summit, IL 60501, presents a unique investment opportunity. Priced at $299,000, this 2,671 square foot lot houses a fully operational bar and a two-bedroom apartment. The bar itself boasts approximately 2,500 square feet of space, completely furnished and ready for immediate operation. All existing bar inventory is included in the sale, encompassing ten televisions, tables, chairs, and bar stools, eliminating the need for significant upfront investment. The attached two-bedroom apartment provides convenient living quarters, ideal for an owner-operator or as a rental unit generating additional income. The property's strategic location in Summit, Illinois offers easy access to major expressways, ensuring high visibility and convenient access for patrons. Furthermore, its proximity to various stores and restaurants enhances its appeal and potential for success. This turnkey operation in a prime location represents a rare opportunity for immediate income generation and long-term growth. The property is situated in Cook County, Illinois, and its zip code is 60501. Don't miss this chance to acquire a thriving business and comfortable living space in one convenient package.

    Property Features for 6105 Archer Rd

    General Information

    Property type
    Mixed-use properties

    HighLights

    • Exceptional mixed‑use property in Summit, IL, priced at $299,000.
    • 2,671 square foot lot with a fully operational, 2,500 square foot bar and a two‑bedroom apartment.
    • Turnkey bar includes all furniture, fixtures, and equipment (FF&E), including ten televisions.
    • Attached two‑bedroom apartment ideal for owner‑occupancy or rental income.
    • Prime location with easy expressway access and proximity to other businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -87.8125555
    Latitude
    41.7804267

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    Nearby Similar for Sale

    • $409,000
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      Summit Two-Flat with B-2 Potential

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      View Details
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      Thriving daycare business, building, and land available in Summit, IL.
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      Summit Office Building For Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Turn-Key Bar & Apartment
    Where is this mixed-use property located?
    The property is located at 6105 Archer Rd Summit, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property in Summit, IL, priced at $299,000.; 2,671 square foot lot with a fully operational, 2,500 square foot bar and a two-bedroom apartment.; Turnkey bar includes all furniture, fixtures, and equipment (FF&E), including ten televisions.
    Request Owner's contact information
    6105 Archer Rd Summit, IL 60501
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    Summit, IL 60501
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    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
    6105 Archer Rd Summit, IL 60501
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