Prime commercial land opportunity in the heart of Summit featuring a generous 100 x 200 ft parcel with B-1 neighborhood business / mixed-use commercial zoning. Excellent visibility and strong exposure with nearby IDOT reported traffic counts of approximately 17,500 to 24,500 vehicles per day, making this an outstanding location for a wide range of business and investment opportunities. Located within the Village's Enterprise Zone, offering potential special financing programs, tax incentives, and economic development benefits for qualifying projects. Buyers are encouraged to review the Village municipal code and permitted uses through Zoneomics Summit Code Index and the Village zoning resources for additional development possibilities. Ideal for retail, service businesses, mixed-use concepts, office, redevelopment, or long-term investment. Seller will also entertain land lease opportunities, creating additional flexibility for developers, investors, and business owners. Convenient location with strong traffic flow, established surrounding businesses, and easy access to major transportation corridors.
Details
MLS #
12654433
Listing Type
For Sale
Style
Mixed Use
Sub-Type
Resale
Status
Active
Year
1893
Days On Site
132
Listing Provided By
@properties Christie's International Real Estate | Dominick Clarizio
Features
Zoning
COMMR
Acreage
20000.00
Interior
Cooling
None
Utilities
Electric
None
Taxes
Tax Year
2025
Tax Annual Amount
7450
Area Information
State
IL
County
Cook
City
Summit
Zip Code
60501
Area
Summit
Listing VS Median (in 60501)
Price: $849,900
low | high
Med: $389,000
100% of Average
On site: 132
low | high
Med: 55
100% of Average
Sourced by Back At You
Market Activity 60501
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $305,000
Max Sale Price: $305,000
Med Sale Price: $305,000
Date: Jul 2026
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $450,000
Max Sale Price: $450,000
Med Sale Price: $450,000
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $229.13
Min Sale Price: $200,000
Max Sale Price: $550,000
Med Sale Price: $352,500
Date: May 2026
Sales: 7
Avg $ Per SqFt: $198.35
Min Sale Price: $190,000
Max Sale Price: $850,000
Med Sale Price: $330,000
Date: Apr 2026
Sales: 7
Avg $ Per SqFt: $259.84
Min Sale Price: $245,000
Max Sale Price: $725,000
Med Sale Price: $435,000
Date: Mar 2026
Sales: 3
Avg $ Per SqFt: $218.51
Min Sale Price: $250,000
Max Sale Price: $361,000
Med Sale Price: $350,000
Date: Feb 2026
Sales: 7
Avg $ Per SqFt: $213.15
Min Sale Price: $225,000
Max Sale Price: $565,000
Med Sale Price: $277,000
Date: Jan 2026
Sales: 4
Avg $ Per SqFt: $212
Min Sale Price: $125,000
Max Sale Price: $419,900
Med Sale Price: $300,500
Date: Dec 2025
Sales: 2
Avg $ Per SqFt: $250
Min Sale Price: $270,000
Max Sale Price: $409,000
Med Sale Price: $339,500
Date: Nov 2025
Sales: 8
Avg $ Per SqFt: $217.29
Min Sale Price: $250,000
Max Sale Price: $615,000
Med Sale Price: $295,000
Date: Oct 2025
Sales: 4
Avg $ Per SqFt: $219.02
Min Sale Price: $277,390
Max Sale Price: $575,000
Med Sale Price: $312,500
Sourced by Back At You
Aug 2026
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$305,000
Max Sale Price:
$305,000
Med Sale Price:
$305,000
Jul 2026
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$450,000
Max Sale Price:
$450,000
Med Sale Price:
$450,000
Jun 2026
Sales:
5
Avg $ Per SqFt:
$229.13
Min Sale Price:
$200,000
Max Sale Price:
$550,000
Med Sale Price:
$352,500
May 2026
Sales:
7
Avg $ Per SqFt:
$198.35
Min Sale Price:
$190,000
Max Sale Price:
$850,000
Med Sale Price:
$330,000
Apr 2026
Sales:
7
Avg $ Per SqFt:
$259.84
Min Sale Price:
$245,000
Max Sale Price:
$725,000
Med Sale Price:
$435,000
Mar 2026
Sales:
3
Avg $ Per SqFt:
$218.51
Min Sale Price:
$250,000
Max Sale Price:
$361,000
Med Sale Price:
$350,000
Feb 2026
Sales:
7
Avg $ Per SqFt:
$213.15
Min Sale Price:
$225,000
Max Sale Price:
$565,000
Med Sale Price:
$277,000
Jan 2026
Sales:
4
Avg $ Per SqFt:
$212
Min Sale Price:
$125,000
Max Sale Price:
$419,900
Med Sale Price:
$300,500
Dec 2025
Sales:
2
Avg $ Per SqFt:
$250
Min Sale Price:
$270,000
Max Sale Price:
$409,000
Med Sale Price:
$339,500
Nov 2025
Sales:
8
Avg $ Per SqFt:
$217.29
Min Sale Price:
$250,000
Max Sale Price:
$615,000
Med Sale Price:
$295,000
Oct 2025
Sales:
4
Avg $ Per SqFt:
$219.02
Min Sale Price:
$277,390
Max Sale Price:
$575,000
Med Sale Price:
$312,500
MLS Number: 12654433
Dominick Clarizio – (847) 910-0733
@properties Christie's International Real Estate – (847) 295-0700
Request a showing
Request a showing
The information is being provided by MRED. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MRED. All Rights Reserved.
MLS Number: 12654433
Dominick Clarizio – (847) 910-0733
@properties Christie's International Real Estate – (847) 295-0700
