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6135 S Archer Avenue Summit, IL 60501 • Commercial - Investment • New

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New - 9 Hours Ago
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Description

BUSINESS AND BUILDING IS INCLUDED IN A SALE!!!! Exceptional mixed-use opportunity in the heart of Summit! Ever dreamed of owning a spa, sauna, private club, banquet venue, or upscale hospitality space? This one-of-a-kind property offers endless possibilities. The two-story building features two fully rented second-floor apartments occupied by long-term, reliable tenants, providing steady income. The expansive 2,800 sq. ft. main level is ideal for a spa, recreation center, cafe, restaurant, private event venue, or banquet hall. The lower level showcases luxurious, high-end sauna facilities built with no expense spared - a truly impressive space designed for relaxation and entertainment. This is a rare chance to acquire a highly visible property in a prime Summit location at a price below current construction costs. An outstanding investment and owner-user opportunity with tremendous potential.

Property Highlights

Property Type: Commercial - Investment
Building Description: 2.0 stories

General Information

County: Cook
Listed By:
The Leading Realtors Corp. 630-455-9995
MRED MLS
$980,000
Est. $6,350/mo
New to the Market New
SQUARE FEET8,000 MLS#12649406
STATUSNew PROPERTY TYPECommercial - Investment
TOUR PROPERTY

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Shown By

Delmar Yoder
 (319) 430-2711

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6135 S Archer Avenue , Summit, IL 60501.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $980,000$980,000$980,000
Down Payment $196,000$34,300$245,000
Monthly Mortgage Amount $4,700$5,847$6,054
Taxes $1364$1364$1364
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$588$0
Monthly Estimated Total $6,350$8,085$7,704

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