Well-located neighborhood retail/strip center opportunity along highly traveled Archer Avenue in Summit, Illinois. This single-story property consists of approximately 4,500 square feet across three individual retail units, each roughly 1,500 square feet, offering flexibility for investors or owner-users. Situated on a 120 x 180 lot, the building provides excellent street exposure and frontage on Archer Road, a key commercial corridor serving the surrounding residential and business communities. The property is zoned MX and was originally constructed in 1919, offering a classic retail footprint adaptable to a variety of uses. The building is currently configured for multiple tenants and features forced-air gas heat, window-unit air conditioning, circuit breaker electric, and on-site utilities. Total reported annual income is $22,800, with individual spaces available, making this an attractive value-add or repositioning opportunity. Ideally suited for retail, service, or neighborhood-oriented businesses seeking visibility and accessibility in a dense Cook County market.
— the listing agent’s description
The home
Built in 1919
Lot 120X180
Retail/Stores
What it’ll cost
$34,412 taxes / yr
No HOA
Listed $375,000
Now $235,000
241 days on dwello
Estimated monthly payment
$4,187/mo
Principal & interest$1,250
Property taxes$2,868
Homeowners insurance$69
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.