7201 63 St Summit, IL 60501
- Commercial real estate
- 4,550 SF
Current Use by Public Records
- Commercial real estate
Property Details for 7201 63 St
- Year built
- 1970
- Property size
- 4,550 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Summit
- County
- Cook
- State
- Illinois
- Longitude
- -87.8011
- Latitude
- 41.7771
