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$849,900
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Property Description
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.
Full Property Details
Full Property Details for 7450 W Archer Ave
General
- Price: $849,900
- Taxes: $7,450 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12654433
Location
- Area: Summit
- County: Cook
- Township: Lyons
- Driving Directions: 1st Ave. south to Archer Ave.
- Location Details: Southwest Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Commercial
- Year Built: 1893
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 20,000
- Lot Dimensions: 20000
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Assessment Year: 1893
- Tax Amount: $7,450
- Tax Year: 2025
Disclosures and Reports
- Property ID: 18124140200000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 7450 W Archer Ave
School Districts:Summit School District 104, Argo Community High School District 217
| Name | Grades | Distance |
|---|---|---|
Walsh Elementary School, Summit, IL 5640 75th Avenue, Summit, IL 60501 | PK-4 | 0.2 mi |
Otis P Graves Elementary School 6021 South 74th Avenue, Summit, IL 60501 | PK-4 | 0.7 mi |
W W Walker Elementary School 7735 66th Place, Bedford Park, IL 60501 | K-4 | 1.5 mi |
Heritage Middle School, Summit, IL 6021 South 74th Avenue, Summit, IL 60501 | 6-8 | 0.7 mi |
Argo Community High School 7329 West 63rd Street, Summit, IL 60501 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 7450 W Archer Ave
7450 W Archer Avenue, Summit, IL 60501 (MLS# 12654433) is a Commercial property. 7450 W Archer Avenue is currently listed for $849,900 and was received on May 27, 2026. Want to learn more about 7450 W Archer Avenue? Do you have questions about finding other Commercial real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.

