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$1,250,000 Just Listed
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Property Description
Positioned on a 39,744 square foot fully fenced and gated industrial lot, this property offers exceptional functionality, flexibility, and future potential for a wide range of business and investment opportunities. The site currently features an approximately 14,000 square foot industrial building operating as a body shop, presenting a rare opportunity for an owner-user, investor, or developer seeking a strategically located industrial asset. The expansive lot provides substantial outdoor space ideal for vehicle parking, equipment storage, fleet operations, outdoor inventory, or contractor use. Beyond its current use, the property also offers attractive redevelopment potential for buyers looking to maximize the site's value and explore future opportunities. Conveniently located with easy access to major highways, the property delivers strong logistical advantages for transportation, distribution, and everyday operations. Its versatile configuration may accommodate a variety of industrial uses including warehouse, manufacturing, distribution, service operations, contractor facilities, or other permitted uses. Bring your vision and business plans to life in a property that combines existing income-producing utility with long-term upside potential. Buyers are encouraged to contact the Village of Summit to verify zoning requirements and determine whether their intended use is permitted. A unique opportunity offering accessibility, flexibility, redevelopment potential, and room for growth.
Full Property Details
Full Property Details for 7225 W 59th St
General
- Price: $1,250,000
- Taxes: $51,364 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12654977
Location
- Area: Summit
- County: Cook
- Township: Lyons
- Driving Directions: Harlem Ave North or South to 59th Street West to the Property
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected
Structural Information
- Square Feet: 0.91
- Current Bldg. Use: Industrial
Lot Features
- Lot Size (Acres): 0.91
- Lot Size (Sq. Ft.): 39,744
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 180 x 221 x 180 x 220
- Frontage: City Street
- Frontage Feet: 180
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Industrial
- Zoning: INDUS
- Lot Description: Level
Financial Considerations
- Tax Amount: $51,364.64
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 18134020140000
Listed by The Leading Realtors Corp.
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Schools
Schools serving 7225 W 59th St
School Districts:Summit School District 104, Argo Community High School District 217
| Name | Grades | Distance |
|---|---|---|
Otis P Graves Elementary School 6021 South 74th Avenue, Summit, IL 60501 | PK-4 | 0.1 mi |
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501 | PK-4 | 0.4 mi |
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501 | K-4 | 1.1 mi |
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501 | 6-8 | 0.1 mi |
Argo Community High School 7329 West 63rd Street, Summit, IL 60501 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 7225 W 59th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$48,176
-35%
$137,500
-20%
2022
$74,323
3%
$172,263
—
2021
$72,328
-11%
$172,263
-9%
2020
$81,554
3%
$189,716
10%
2019
$79,339
3%
$172,575
—
2018
$76,729
—
$172,575
—
2017
$76,622
-6%
$172,575
—
2016
$81,504
3%
$172,575
—
2015
$78,988
2%
$172,575
—
2014
$77,302
5%
$172,575
-6%
2013
$73,581
-4%
$182,927
—
2012
$76,593
—
$182,927
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7225 W 59th St
7225 W 59th Street, Summit, IL 60501 (MLS# 12654977) is a Lots/Land property with a lot size of 0.91 acres. 7225 W 59th Street is currently listed for $1,250,000 and was received on May 21, 2026. Want to learn more about 7225 W 59th Street? Do you have questions about finding other Lots/Land real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

