Transcript
Page 1: 2.7 ACRE LOT TO REDEVELOP - FOR SALE 1001 SUMMIT ST, …images3.loopnet.com/d2/5JNM7b_ifO-l_oCRxIJi9EhsoPI_6t-AvHBna7… · 2.7 AC Signalized corner lot Near vibrant shopping area

1001 Summit St, Elgin, IL 60120

1001 SUMMIT ST, ELGIN, IL 60120

2.7 ACRE LOT TO REDEVELOP - FOR SALE

www.kwchicagoohare.com/

KW COMMERCIAL8750 W. Bryn Mawr,Ste. 110EChicago, IL 60631

PATRICE MARKSExecutive Vice President & Executive VicePresident Medical [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

PROPERTY OVERVIEWRedevelopment Opportunity for Office, Medical, Retail, Hotel,Restaurant, Senior Living, School or Day Care. Currently used as aChurch, Parking for 100 cars. 1 AC vacant land in back of building.Across from Jewel anchored Cobblers Crossing Shopping Centerwith Chase & Fifth Third Banks and Pep Boys Auto Center.

PROPERTY FEATURESRedevelopment Opportunity for Multiple Uses

Highly Visible, 18,000 VPD

Parking for 100 cars

2.7 AC Signalized corner lot

Near vibrant shopping area with National Credit Tenants

Call Patrice Marks or Linda Wasik 312-804-2215 For MoreInformation

For Sale - $1,400,000

SALE PRICE: $1,400,000

LOT SIZE: 2.7 Acres

BUILDING SIZE: 6,000 SF

YEAR BUILT: 1950

ZONING: Community

CROSS STREETS: Summit And Waverly

Page 2: 2.7 ACRE LOT TO REDEVELOP - FOR SALE 1001 SUMMIT ST, …images3.loopnet.com/d2/5JNM7b_ifO-l_oCRxIJi9EhsoPI_6t-AvHBna7… · 2.7 AC Signalized corner lot Near vibrant shopping area

www.kwchicagoohare.com/

KW COMMERCIAL8750 W. Bryn Mawr,Ste. 110EChicago, IL 60631

PATRICE MARKSExecutive Vice President & Executive VicePresident Medical [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

1001 Summit St, Elgin, IL 60120

1001 SUMMIT ST, ELGIN, IL 60120

2.7 ACRE LOT TO REDEVELOP - FOR SALE

Page 3: 2.7 ACRE LOT TO REDEVELOP - FOR SALE 1001 SUMMIT ST, …images3.loopnet.com/d2/5JNM7b_ifO-l_oCRxIJi9EhsoPI_6t-AvHBna7… · 2.7 AC Signalized corner lot Near vibrant shopping area

www.kwchicagoohare.com/

KW COMMERCIAL8750 W. Bryn Mawr,Ste. 110EChicago, IL 60631

PATRICE MARKSExecutive Vice President & Executive VicePresident Medical [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

1001 Summit St, Elgin, IL 60120

1001 SUMMIT ST, ELGIN, IL 60120

2.7 ACRE LOT TO REDEVELOP - FOR SALE

Page 4: 2.7 ACRE LOT TO REDEVELOP - FOR SALE 1001 SUMMIT ST, …images3.loopnet.com/d2/5JNM7b_ifO-l_oCRxIJi9EhsoPI_6t-AvHBna7… · 2.7 AC Signalized corner lot Near vibrant shopping area

www.kwchicagoohare.com/

KW COMMERCIAL8750 W. Bryn Mawr,Ste. 110EChicago, IL 60631

PATRICE MARKSExecutive Vice President & Executive VicePresident Medical [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

1001 Summit St, Elgin, IL 60120

1001 SUMMIT ST, ELGIN, IL 60120

2.7 ACRE LOT TO REDEVELOP - FOR SALE

Page 5: 2.7 ACRE LOT TO REDEVELOP - FOR SALE 1001 SUMMIT ST, …images3.loopnet.com/d2/5JNM7b_ifO-l_oCRxIJi9EhsoPI_6t-AvHBna7… · 2.7 AC Signalized corner lot Near vibrant shopping area

www.kwchicagoohare.com/

KW COMMERCIAL8750 W. Bryn Mawr,Ste. 110EChicago, IL 60631

PATRICE MARKSExecutive Vice President & Executive VicePresident Medical [email protected]

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

* Demographic data derived from 2010 US Census

1001 Summit St, Elgin, IL 60120

1001 SUMMIT ST, ELGIN, IL 60120

2.7 ACRE LOT TO REDEVELOP - FOR SALE

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 45.2% 44.7% 35.2%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 58.0% 61.8% 67.6%

% BLACK 6.3% 6.2% 5.9%

% ASIAN 9.0% 7.4% 8.2%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.0% 0.1% 0.2%

% OTHER 24.3% 22.1% 15.8%

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 13,978 92,322 183,471

MEDIAN AGE 32.8 31.2 33.0

MEDIAN AGE (MALE) 32.2 31.0 32.4

MEDIAN AGE (FEMALE) 33.8 32.0 34.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 4,641 30,413 62,389

# OF PERSONS PER HH 3.0 3.0 2.9

AVERAGE HH INCOME $71,963 $69,255 $75,837

AVERAGE HOUSE VALUE $274,973 $250,218 $260,812


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