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SUMMIT CENTER 7355 W Archer Ave
15,000 SF 100% Leased Retail Building Summit, IL 60501 $1,095,000 ($73/SF) 6.40% Cap Rate
Investment Highlights
- Great location
Executive Summary
ALSO WE RECEIVE ADDITIONAL REFUNDS FROM PTAB.
FULLY LEASED 10,014 SF SOLID BRICK BUILDING ,ALL HVAC SYSTEMS WERE REPLACED RECENTLY, PROPERTY ZONED (B-2 GENERAL BUSINESS). PLENTY OF PARKING IN FRONT & REAR LOTS (LOT 21,070 S.F.)
GREAT EXPOSURE ON BUSY ARCHER AVE, 2 BLOCKS WEST OF HARLEM AVE,
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$138,576
|
$9.24
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$59,054
|
$3.94
|
| Net Operating Income |
$79,522
|
$5.30
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $138,576 |
| Annual Per SF | $9.24 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $59,054 |
| Annual Per SF | $3.94 |
| Net Operating Income | |
|---|---|
| Annual | $79,522 |
| Annual Per SF | $5.30 |
Property Facts
Amenities
- Pylon Sign
- Signage
About 7355 W Archer Ave , Summit, IL 60501
PLENTY OF PARKING, GREAT LOCATION ON BUSY ARCHER AVENUE, 3 BLOCKS WEST TWO BLOCKS WEST OF HARLEM AVE.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
- -
Choosing a healthcare provider is one of the most important decisions you can make. Dr. Mark J. Gagnon has over 19 years of experience as a Podiatrist. He is a caring and knowledgeable doctor who takes the time to explain all your options and work with you to form a comprehensive treatment plan that best suits your needs using the latest technology and techniques. His primary focus is to provide conservative treatment with surgery as an alternative when necessary.
- Exodus Ink
- Services
- -
- -
- -
- -
- Hank's Tri County
- Services
- 2,000 SF
- $16.20
- Modified Gross
- -
-
- Retailer
- 1,800 SF
- $15.00
- Modified Gross
- Dec 2026
Lacey’s Place Slots & Video Gaming is a gaming parlor with over 30+ locations in the Illinois region. They offer new, clean and safe gaming entertainment including food, drinks and entertainment.
-
- Administrative and Support Services
- -
- $14.40
- Modified Gross
- -
Surestaff, headquartered in Itasca, Illinois, is a privately-owned full-service staffing firm founded in 1998. The partnerships they have established with their clients and candidates are the key to their success. They have a dedicated team that is committed to giving clients excellent service customized to their specific situation. Surestaff has worked hard for over two decades to earn the respect of their clients and candidates, and also hold a high retention rate for their internal staff.
- Wellness Therapy
- -
- -
- $9.27
- Modified Gross
- May 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | - | - | |
| Exodus Ink | Services | - | - | - | - | |
| Hank's Tri County | Services | 2,000 SF | $16.20 | Modified Gross | - | |
|
|
Retailer | 1,800 SF | $15.00 | Modified Gross | Dec 2026 | |
|
|
Administrative and Support Services | - | $14.40 | Modified Gross | - | |
| Wellness Therapy | - | - | $9.27 | Modified Gross | May 2026 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Available 2/1/2025.
| Space | Size | Space Use | Position | Available |
| F & G | 2,000 SF | Retail | - | Feb 2025 |
F & G
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Feb 2025 |
F & G
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Feb 2025 |
Available 2/1/2025.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,030 | |
| Land Assessment | $18,450 | Total Assessment | $52,480 |
PROPERTY TAXES
Presented by
GDT Properties, Inc
SUMMIT CENTER | 7355 W Archer Ave
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