Mixed-Use Building on Archer
4192 South Archer Avenue Chicago, IL 60632
4192 South Archer Avenue, Chicago, IL, 60632
$8,500,000
For Sale
$8,500,000
58,000 Sq. Ft. mixed-use building at a busy intersection.
Property Size38,670 SF
Price / SF$219.81
Days on Market680
Property Features for 4192 South Archer Avenue
General Information
- Standard status
- Active
- Size
- 38,670 SF
Building Details
- Year Built
- 1936
Listing agency
Century 21 Circle
(773) 983-1553
Listed by
Mark Ahmad · License #471007186
(773) 983-1553
Source
Compass
Added: Sep 11, 2024 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Circle
Investment Insights
Based on property information with market context.
This is a 3-story mixed-use building with approximately 58,000 square feet, situated at the corner intersection of Archer Avenue and Sacramento Avenue. The property includes a medical space of approximately 12,768 square feet, leased to Saint Anthony Hospital (SAH) on the main level's south portion, with the first right of refusal for any additional space leased in the building. It also features 78 residential rooms with 2-bed size. Additionally, there is a dentist office with an entry door facing Sacramento Avenue. The property is located in a dense residential area and a strong retail corridor with an average household income of approximately 50-60K.
Key Highlights
- High‑traffic corner location at Archer Ave. and Sacramento Ave.
- Leased medical space to Saint Anthony Hospital (SAH) with first right of refusal.
- 3‑Story mixed‑use building with approximately 58,000 Sq. ft.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.16M | $30.00 |
| − Vacancy | −$139.2k | −$3.60 |
| EGI | $1.02M | $26.40 |
| − OpEx | −$382.8k | −$9.90 |
| NOI | $638.1k | $16.50 |
38,670 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$12.18M
$10.65M – $14.21M
NOI $852,325 @ 7.0% cap · market cap 10.03%
Second Best
Mixed Use
$9.12M
$7.98M – $10.63M
NOI $638,055 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$17.02M
$14.89M – $19.85M
NOI $1,191,209 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
eBlindstore
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 58,000 Sq. Ft. mixed-use building at a busy intersection.
Where is this mixed-use property located?
The property is located at 4192 South Archer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: High‑traffic corner location at Archer Ave. and Sacramento Ave.; Leased medical space to Saint Anthony Hospital (SAH) with first right of refusal.; **3‑Story mixed‑use building with approximately 58,000 Sq. ft.**
