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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12654433MLS Provider

7450 W Archer AvenueSummit, IL 60501

Commercial
$849,900 Active

7450 W Archer Avenue Overview

Time on Site:
33 days
Visits:
0

Prime commercial land opportunity in the heart of Summit featuring a generous 100 x 200 ft parcel with B-1 neighborhood business / mixed-use commercial zoning. Excellent visibility and strong exposure with nearby IDOT reported traffic counts of approximately 17,500 to 24,500 vehicles per day, making this an outstanding location for a wide range of business and investment opportunities. Located within the Village's Enterprise Zone, offering potential special financing programs, tax incentives, and economic development benefits for qualifying projects. Buyers are encouraged to review the Village municipal code and permitted uses through Zoneomics Summit Code Index and the Village zoning resources for additional development possibilities. Ideal for retail, service businesses, mixed-use concepts, office, redevelopment, or long-term investment. Seller will also entertain land lease opportunities, creating additional flexibility for developers, investors, and business owners. Convenient location with strong traffic flow, established surrounding businesses, and easy access to major transportation corridors.

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7450 W Archer Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1893

Business Information

  • Current Use: Commercial

Location/Region

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

Tax Information

  • Tax Annual Amount: $7,450.00
  • Tax Year: 2025

General Information

  • Parcel Number: 18124140200000
  • Possible Use: Commercial
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

General Information

  • Cooling: None
  • Electric: None
  • Stories: 0

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 20000
  • Lot Size Square Feet: 20000

General Information

  • Number Of Units Total: 0

7450 W Archer 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.

7450 W Archer Avenue Monthly Cost

$
$ %
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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.

7450 W Archer 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

7450 W Archer Avenue History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Added to Database
May 27, 2026