7225 W 59th St Summit, IL 60501
Estimated payment $10,947/month
About This Lot
Positioned on a 39,744 square foot fully fenced and gated industrial lot, this property offers exceptional functionality, flexibility, and future potential for a wide range of business and investment opportunities. The site currently features an approximately 14,000 square foot industrial building operating as a body shop, presenting a rare opportunity for an owner-user, investor, or developer seeking a strategically located industrial asset. The expansive lot provides substantial outdoor space ideal for vehicle parking, equipment storage, fleet operations, outdoor inventory, or contractor use. Beyond its current use, the property also offers attractive redevelopment potential for buyers looking to maximize the site's value and explore future opportunities. Conveniently located with easy access to major highways, the property delivers strong logistical advantages for transportation, distribution, and everyday operations. Its versatile configuration may accommodate a variety of industrial uses including warehouse, manufacturing, distribution, service operations, contractor facilities, or other permitted uses. Bring your vision and business plans to life in a property that combines existing income-producing utility with long-term upside potential. Buyers are encouraged to contact the Village of Summit to verify zoning requirements and determine whether their intended use is permitted. A unique opportunity offering accessibility, flexibility, redevelopment potential, and room for growth.
Property Details
Property Type
- Land
Est. Annual Taxes
- $51,365
Lot Details
- 39,640 Sq Ft Lot
- Lot Dimensions are 180 x 221 x 180 x 220
- Property is zoned INDUS
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2026 05/21/26 | For Sale | $1,250,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $625,000 | Wheatland Title Company |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12654977
APN: 18-13-402-014-0000
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Ask me questions while you tour the home.