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
MLS ID: 12756054
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6135 S Archer Avenue, Summit, IL 60501.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $725,000 | $725,000 | $725,000 |
| Down Payment | $145,000 | $25,375 | $181,250 |
| Monthly Mortgage Amount | $3,810 | $4,676 | $4,662 |
| Taxes | $1009 | $1009 | $1009 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $319 | $0 |
| Monthly Estimated Total | $5,030 | $6,215 | $5,882 |