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6105 S Archer Road Summit, IL 60501 • Commercial - Business • New

New - 23 Hours Ago
  • 6105 S Archer Road , Summit, IL 60501 Main Photo

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Description

Great opportunity to own a mixed-use property along the well-traveled Archer Road corridor in Summit! 6105 S Archer Road offers a versatile commercial space in the front along with a separate 2-bedroom, 1-bath residential apartment in the rear, creating flexibility for an owner-user, investor, or entrepreneur looking for both commercial and residential potential in one property. The commercial portion offers plenty of room to bring a new business concept to life, while the rear apartment features 2 bedrooms, 1 full bathroom, a kitchen, living room, and dining area. One rear parking space is also included. The combination provides an opportunity to operate a business while utilizing the residential portion or potentially generate income from separate uses, subject to applicable zoning and Village requirements. Location adds to the appeal. Positioned directly on Archer Road, the property benefits from visibility along one of the area's main commercial corridors with numerous established restaurants, neighborhood businesses, and everyday conveniences nearby. Summit Park District and local recreation are nearby, while Harlem Avenue and I-55 provide convenient connections throughout the surrounding suburbs and into Chicago. Midway International Airport is also easily accessible from the area. Surrounded by an active mix of local businesses and dining options, this location offers the visibility and accessibility that can be important for a commercial property. Whether you're looking for space for your own business, an addition to your investment portfolio, or a mixed-use property with multiple possibilities.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1936

General Information

County: Cook
Listed By:
Realty of America, LLC 708-788-1900
MRED MLS
$279,900
Est. $2,037/mo
New to the Market New
SQUARE FEET2,411 MLS#12777784
STATUSNew PROPERTY TYPECommercial - Business

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6105 S Archer Road , Summit, IL 60501.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $279,900$279,900$279,900
Down Payment $55,980$9,797$69,975
Monthly Mortgage Amount $1,547$1,852$1,843
Taxes $390$390$390
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$123$0
Monthly Estimated Total $2,037$2,465$2,333

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