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Listing provided courtesy of Signorello Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12586117MLS Provider

5437 S Center AvenueSummit, IL 60501

Commercial · 2,470 Sq. ft.
$865,000 Active

5437 S Center Avenue Overview

Time on Site:
110 days
Visits:
2

If your dream is to own your own business do not miss this opportunity!! Enjoy the freedom to work for yourself and create your ideal lifestyle!! Current owner has established this turnkey Bar / Nightclub business over the past 15 years. There has been a bar at this location for 40+ years & with a new vision the potential is limitless! Minutes from Interstate 55, 1/4 block off major artery Archer Ave, 2.7 miles to Seat Geek Stadium, 3.9 miles to Midway International Airport. Gaming machines can add additional cash flow!! Existing kitchen and all equipment stay. Enclosed beer garden, out building & multiple storage containers included. 2-bedroom apartment on second floor can be rented for additional income. Current owner operator relocating / retiring.

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5437 S Center Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 2,470
  • Price/Sq.ft. $350

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Operating Expense: 1

Business Information

  • Business Name: Fat Daddyz
  • Business Type: Bar/Tavern/Lounge,Food & Beverage
  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Summit

Tax Information

  • Tax Annual Amount: $11,835.00
  • Tax Year: 2023

General Information

  • Parcel Number: 18124140140000
  • Possible Use: Commercial,Liquor License
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2470

General Information

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Stories: 2

Unit Information

  • Unit SqFt.: 2470

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,Public Road
  • Lot Size Dimensions: 60x130
  • Lot Size Square Feet: 7800

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

5437 S Center Avenue Neighborhood

Community

60501 (SUMMIT) Demographics

33
Median Age
2,270
Population Density (per sq. mile)
19%
College Educated
$52,414
Estimated Median Income
1,927
Estimated Total Home Owners
1,553
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5437 S Center Avenue Monthly Cost

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$ %
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5437 S Center Avenue Market Data

Based on the last 30 days in this zip code

$322,139
Average List Price
$204
Average Price per Square Foot
2
Properties Sold
45
Average Days on Market
15
Properties for Sale
Calculations provided by Reliance Network

5437 S Center Avenue History

Date Event Value Agent
5/5/2026Source: MRED Status Change
Active
4/30/2026Source: MRED Price Reduction
$865,000 -2.8%
4/30/2026Source: MRED Status Change
Price Change
4/20/2026Source: MRED Status Change
Active
4/15/2026Source: MRED Price Reduction
$890,000 -1.1%
4/15/2026Source: MRED Status Change
Price Change
3/16/2026Source: MRED Status Change
Active
3/11/2026Source: MRED Added to Database
March 11, 2026