7201 63 St, Summit, IL 60501
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.