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    OFF-MARKET
    Commercial real estate

    7201 63 St, Summit, IL 60501

    4,550 SF Built 1970
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Total area 4,550 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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