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Absolute Auction
First bid meets reserve
Asset Snapshot
Investment Highlights
Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 7549 W 63rd Street in Summit, Illinois is a vacant ±6,690-square-foot freestanding former BMO Harris Bank positioned for owner-user occupancy, lease-up, or adaptive reuse. Built in 1956 on ±0.43 acres, the Property includes 21 surface parking spaces, two access points, and an existing financial-services configuration. The site fronts W 63rd Street, which carries ±14,438 VPD, approximately two blocks from Archer Avenue at ±28,004 VPD and ±0.5 mile from S Harlem Avenue at ±43,548 VPD. Zoned C-1 Corridor Commercial, the Property supports a variety of commercial and retail uses, subject to applicable approvals, and is located within an Opportunity Zone. I-55 is approximately two miles away and carries ±152,400 VPD, while Chicago Midway International Airport is about 10 minutes away and Downtown Chicago approximately 25 minutes away. Nearby demand drivers include Argo Community High School, Dollar Tree, Marquette Bank, Home Depot distribution operations, Amazon, and SeatGeek Stadium. Within five miles, the trade area includes ±391,000 residents with average household income of ±$124,826. CoStar estimates retail market rents at $18-$22/SF NNN, providing a benchmark for potential lease-up or repositioning.
Due Diligence
Location
Summit is an established southwest Cook County infill community within the Chicago MSA, approximately 10 minutes from Midway International Airport and 25 minutes from Downtown Chicago. I-55, Archer Avenue, Harlem Avenue, Metra, and Amtrak provide regional connectivity, while dense residential neighborhoods and nearby industrial, logistics, retail, and sports uses support demand.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
