Contact us: 563.441.1776
Description
Highly visible, six-storefront shopping center in Summit. Situated along a busy road near a heavily traveled intersection and an I-55 exit, the property combines prominent street exposure with convenient access for customers and employees. The approximately 10,000-square-foot, single-story brick building features large storefront windows, individual entrances, and a continuous covered awning. Approximately 36 parking spaces in front and behind the building accommodate customers and employees. Built in 1982, the property occupies approximately 0.46 acres and is zoned B-2 General Business. All HVAC systems have been replaced. Offered at $975,000, a price of roughly $97.50 per square foot. A vacant 1,500-square-foot storefront offers potential for additional income, with possible modest rental growth over time as leases renew. With six storefronts, ample parking, strong visibility, and nearby interstate access, the center offers investors an income-producing property with potential for additional income.
Property Highlights
Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1986
General Information
County: Cook
Listed By:
Ellsbury Group LLC
219-200-5133
MRED MLS
MLS ID: 12773039
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Please Call For Address, Summit, IL 60501.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $975,000 | $975,000 | $975,000 |
| Down Payment | $195,000 | $34,125 | $243,750 |
| Monthly Mortgage Amount | $5,387 | $6,450 | $6,420 |
| Taxes | $1357 | $1357 | $1357 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $585 | $0 |
| Monthly Estimated Total | $7,028 | $8,676 | $8,061 |
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