Office Building for
For Sale
$3,600,000
4900 S Archer Ave, Chicago, IL 60632
Office building available for sale on S Archer Ave in Chicago, Illinois.
Property Size10,701 SF
Days on Market96
Property Features for 4900 S Archer Ave
General Information
Standard status
Active
Size
10,701 SF
Class
C
Property subtype
Office
Building Details
Building Size
10,701 SF
Year Built
1959
Listing Agency:
Jameson Commercial
Listed By:
Enrique Guadalupe
(312) 532-9244
Source:
Jamesoncommercial
Added: Jun 2
Changed: Aug 23
Last Checked: Sep 5 at 5:23AM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
This offering includes an office building for sale, classified as office buildings/office spaces and commercial real estate. The property is presented as a single transaction for buyers seeking a dedicated office asset.
The building is located at 4900 S Archer Ave in Chicago, Illinois 60632. It is offered for sale with a list price of $3,600,000.
Interested parties should confirm unit mix and any building-specific details directly with the listing broker before proceeding.
The building is located at 4900 S Archer Ave in Chicago, Illinois 60632. It is offered for sale with a list price of $3,600,000.
Interested parties should confirm unit mix and any building-specific details directly with the listing broker before proceeding.
Key Highlights
- Office building for sale on S Archer Ave in Chicago, Illinois
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$235,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,717,220
$4.7M
Cap Rate 7%
$3,369,443
$3.4M
Cap Rate 9%
$2,620,678
$2.6M
Market Conditions
NOI Build-Up for 10,701 SF
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.
Gross rent
$398.1K $37.20/SF
− Vacancy
−$83.6K −$7.81/SF
EGI
$314.5K $29.39/SF
− OpEx
−$78.6K −$7.35/SF
NOI
$235.9K $22.04/SF
Area
ZIP 60632
Vacancy
21.00%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,717,220
Cap Rate 7%
$3,369,443
Cap Rate 9%
$2,620,678
Alternative Uses
Best Use
Office B
$3.37M
$2.95M – $3.93M
NOI $235,861 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.71M
$4.12M – $5.49M
NOI $329,639 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
Business Placement
Demographics for 60632, IL
92,237
Population
28,860
Households
3.2
Avg Household Size
33
Median Age
13%
College-Educated
69%
High-School Grad
7.4 sq mi
ZIP Area
12,464
Density / Sq Mi
$60,576
Median Household Income
$35,203
Median Earnings
$1,057
Median Rent
$240,600
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building available for sale on S Archer Ave in Chicago, Illinois.
Where is this office building located?
The property is located at 4900 S Archer Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Office building for sale on S Archer Ave in Chicago, Illinois; Built in 1959
