request_info_guest false
Street View
Map
14 Photos

REIT Sale | Former BMO Bank | 14K VPD | Chicago MSA

$1

7549 63rd Street, Summit, IL 60501

Active
Last Updated: 10/26/2026

6,690 sqft

Building Size

0.43 acres

Lot Area

Details:
Building Size:    6,690 sqft
Lot Area:    0.43 acres
Year Built:    1956
Parking Spots:    21
Highlights:
  • Freestanding Former Bank w/ Built-In Upside: ±6,690 SF on ±0.43 acres includes 21 parking spaces and adaptable layout.
  • High-Visibility 63rd Street Position: Frontage carries ±14,438 VPD near Archer Avenue at ±28,004 VPD and Harlem Avenue at ±43,548 VPD.
  • Opportunity Zone with Flexible C-1 Zoning: Federal designation pairs with broad commercial framework for long-term repositioning flexibility.
  • Strategic Chicago MSA Infill Location: ±10 minutes to Midway, ±25 minutes to downtown, and ±2 miles from I-55 at ±152,400 VPD.
  • Dense Five-Mile Consumer Trade Area: ±391,000 residents with average household income of ±$124,826 support broad commercial demand.
  • Absolute $1 Auction: First Bid Meets Reserve
Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3444/retail/summit/il?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=december2_2026&utm_content=retail_3444

For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 7549 W 63rd Street in Summit, Illinois is a vacant ±6,690-square-foot freestanding former BMO Harris Bank positioned for owner-user occupancy, lease-up, or adaptive reuse. Built in 1956 on ±0.43 acres, the Property includes 21 surface parking spaces, two access points, and an existing financial-services configuration. The site fronts W 63rd Street, which carries ±14,438 VPD, approximately two blocks from Archer Avenue at ±28,004 VPD and ±0.5 mile from S Harlem Avenue at ±43,548 VPD. Zoned C-1 Corridor Commercial, the Property supports a variety of commercial and retail uses, subject to applicable approvals, and is located within an Opportunity Zone. I-55 is approximately two miles away and carries ±152,400 VPD, while Chicago Midway International Airport is about 10 minutes away and Downtown Chicago approximately 25 minutes away. Nearby demand drivers include Argo Community High School, Dollar Tree, Marquette Bank, Home Depot distribution operations, Amazon, and SeatGeek Stadium. Within five miles, the trade area includes ±391,000 residents with average household income of ±$124,826. CoStar estimates retail market rents at $18-$22/SF NNN, providing a benchmark for potential lease-up or repositioning.

Location
Summit is an established southwest Cook County infill community within the Chicago MSA, approximately 10 minutes from Midway International Airport and 25 minutes from Downtown Chicago. I-55, Archer Avenue, Harlem Avenue, Metra, and Amtrak provide regional connectivity, while dense residential neighborhoods and nearby industrial, logistics, retail, and sports uses support demand.


Bidding Opens
Dec 01 1:00 AM
Bidding Closes
Dec 03 1:00 AM

Map:
Documents:
Title
Click to view details and diligence materials on RI Marketplace
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery