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7355 W Archer Ave
Summit, IL 60501

$1,075,000 USD

Storefront Retail Office For Sale  •  10,000 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 10,000 SF
  • Lot Size 0.46 AC
  • Building Class B
  • Year Built 1982
  • Cap Rate 7.40 %
  • Tenancy Multiple
  • Zoning B-2
0 Transit Score
80 Walk Score

Description 

PLENTY OF PARKING, GREAT LOCATION ON BUSY ARCHER AVENUE,                                                                                                                                                                                             
 3 BLOCKS WEST TWO BLOCKS WEST 3 (BLOCKS WEST OF HARLEM AVE).

Highlights

Great location

Financial Summary (Actual)

Net Operating Income: $79,522 USD (2024)
Cap Rate: 7.40 %
Total Expenses: $59,054 USD

Major Tenants

Tenant SF Occupied Lease End Date
Advanced Podiatry
Exodus Ink
Hank's Tri County 2,000 SF
Lacey's Place 1,800 SF 12/31/2026
Sure Staff Inc
Wellness Therapy 5/22/2026

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Summit Station (Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 8 min 0.5 mi
Hollywood Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 9 min - 4.1 mi
AirportDriveWalkDistance
Chicago Midway International 8 min - 2.8 mi
Chicago O'Hare International 31 min - 26.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Gus Tzoumas 708-715-4059 GDT Properties, Inc
Gus Tzoumas 708-715-4059 GDT Properties, Inc