$1,250,000

7225 W 59th St Summit, IL 60501

Estimated payment $10,947/month

0.91 Acre
$1,373,626 Price per Acre
39,640 Sq Ft Lot

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.

Listing Agent

Jim Mantas

The Leading Realtors Corp. License #471008761 Listed on: 05/21/2026

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

Property Details

Property Type

Land

Est. Annual Taxes

$51,365

Lot Details

0.91 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Industrial
  • Road Surface Type: Asphalt
  • General Information: None
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Industrial
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected
  • Water Source: Municipal Water

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.91
  • Lot Dimensions: 180 x 221 x 180 x 220
  • Zoning: INDUS
  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Land Description: Level

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 51364.64
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2026 05/21/26 For Sale $1,250,000 -- --
Source: Midwest Real Estate Data (MRED)

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: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12654977

Midwest Real Estate Data (MRED)

APN: 18-13-402-014-0000

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