Barb Cartwright
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Exceptional opportunity to own an equipped mixeduse commercial building in the heart of Summit! This 3,750 sq ft brick building sits on an oversized 15,625 sq ft lot (five total parcels) with strong visibility and frontage on Archer Rd. Previously operated as a restaurant/bar with video gaming, the property is now vacant and ready for a new owneroperator or investor. The former tenant's lease expired in October 2026, and the landlord is unable to reopen the business due to obligations with other ventures-creating a perfect chance for a buyer to step in and activate this location immediately. The main level features a complete restaurant setup, including a walkin cooler, walkin freezer, bar area, prep space, and multiple pieces of commercial kitchen equipment that will remain with the property for the new owner. This significantly reduces startup costs for anyone looking to relaunch a restaurant, bar, cafe, or gaming establishment. Video gaming machines were previously installed and generated strong supplemental income. The second floor offers a spacious 3bedroom apartment, ideal for owneroccupancy or additional rental income. The property also includes parking for 20+ vehicles, making it ideal for hightraffic commercial use. Zoned B2, this location supports a wide range of business types such as restaurant, bar, retail, service, or redevelopment. With land, building, and existing equipment included, this is a rare turnkey opportunity in a highvisibility corridor. Bring your vision and make this Summit property your next successful venture.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1954
General Information
County: Cook
Listed By:
Su Familia Real Estate
630-581-9600
MRED MLS
MLS ID: 12776264
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6033 S Archer Road , Summit, IL 60501.
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toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $590,000 | $590,000 | $590,000 |
| Down Payment | $118,000 | $20,650 | $147,500 |
| Monthly Mortgage Amount | $3,260 | $3,903 | $3,885 |
| Taxes | $821 | $821 | $821 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $260 | $0 |
| Monthly Estimated Total | $4,253 | $5,156 | $4,878 |
Barb Cartwright
REALTOR®
Office: (309) 743-8064
Cell: (309) 912-5158
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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