Address
5424 S Harlem Avenue, Summit, IL
Price
$ 8,167
Property Attributes
  • MLS#11996260
  • TypeCommercial
  • CountyCOOK
  • CitySummit
  • AreaSummit
  • Zip60501
  • Style
  • Year Built1972
  • Taxes$ 11342
  • Price$ 8,167
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2800
  • Lot Size987 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Welcome to an exceptional opportunity in Summit! This property presents an enticing prospect for investors or entrepreneurs looking to capitalize on the burgeoning medical marijuana industry. Boasting a prime location and coveted zoning for medical marijuana, this property holds immense potential for various ventures. This highly desirable area, offers easy access to major thoroughfares and is centrally located for maximum visibility and convenience (plus it is located across the Street from Chicago). Plenty of parking options have been worked out with the neighborhood and an adjoining parcel owned by the same owner as well as strong signage options on both the building side and facade. With its strategic location and favorable zoning, the possibilities for this vanilla box property are virtually endless. Upstairs is currently two separate apartments that the owner would convert for additional storage or office space or a work lounge or lunch room. Concrete is between the floors as well. Floor plan available under additional information. Call with questions or to discuss parking options. Vacant and easy to show!

Price History
3/5/2024 Listed $8,167

General Features

Cooling Central Individual
Zoning OTHER
Construction Materials Concrete
Year Built 1972
Electric Service - 0 to 100 Amps
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat,Janitorial Service,Taxes,Insurance,Scavenger
Stories 2
Township Lyons
Tax Year 2022
County Cook
Property Type Commercial Lease
Status Active
Directions Going south on Harlem,the property is on the West side of the street
City Summit
Total Units 3
MLS Area Summit
Lot Size Square Feet 987
Street Name Harlem
Tax Annual Amount 11342.7
Leasable Area 2800
Days on Market 7
Lease Type Modified Gross
Standard Status Active
Property Type Retail/Stores
Total Actual Rent 8167

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 103 X 29

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60501

Price
AVG $580K
$10K
Taxes
AVG $32,129
$11,342
Visits
AVG 157
43
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1972

Areas We Cover