Summit rendering

A view from West Verona Avenue shows a modern look on what would be the first new financial institution in Verona in more than a decade.

A property that has been home to restaurants for most of the past 25 years could soon be redeveloped for a financial institution.

On Monday, the Plan Commission will review a proposal for Summit Credit Union to tear down the former Michael’s Frozen Custard, which more recently, and briefly, was home to Treads Bar and Grill.

The credit union would have a drive-thru, just like Michael’s did and like Old National across the street does. About half the 1.1-acre site – which would also include a house next to it – would be green (landscape, drainage, lawn), with a 3,700-square-foot building.

In this case, the drive-thru would be separate from the building, on the opposite end of the site.

An elevation design shows a modern building covered in glass and metal with brick trim. The design, a letter with the submission indicates, is similar to that of Summit’s Monona branch, described as “highly visible” and showing a “commitment to sustainability” with energy-efficient features.

Monday’s initial review is a preliminary step designed to get feedback, not a vote.

Email Verona Press editor Jim Ferolie at