Three-Storefront Retail
For Sale
$428,800
4044-48 S ARCHER Avenue, Chicago, IL 60632
Three retail units include two leased to long-term tenants, with additional income generated by a rooftop advertising sign.
Property Size1,400 SF
Price / SF$306.29
Days on Market26
Property Features for 4044-48 S ARCHER Avenue
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail
Site & Location
Neighborhood
Brighton Park
Corner Location
Yes
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1960
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Mi Casa
(773) 767-1616
Listed By:
Maria Castillo · License #475122116
(773) 251-0325
Source:
Helenoliveri
Added: Oct 5
Changed: Oct 30
Last Checked: Oct 28 at 2:40PM
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 RE/MAX Mi Casa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick retail center at the Archer Avenue and California Avenue intersection contains three storefronts. Two units are leased to long-term tenants, and a rooftop advertising sign provides an additional income source. The building dates to 1960.
The property is in Brighton Park, Chicago, along a commercial corridor surrounded by businesses and residential communities.
The property is in Brighton Park, Chicago, along a commercial corridor surrounded by businesses and residential communities.
Key Highlights
- Three retail storefronts in a brick commercial center
- Two units leased to long‑term tenants
- Rooftop advertising sign generates additional income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,065
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,300
$301.3K
Cap Rate 7%
$215,214
$215.2K
Cap Rate 9%
$167,389
$167.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$23.5K $16.80/SF
− Vacancy
−$2.0K −$1.43/SF
EGI
$21.5K $15.37/SF
− OpEx
−$6.5K −$4.61/SF
NOI
$15.1K $10.76/SF
Area
ZIP 60632
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,300
Cap Rate 7%
$215,214
Cap Rate 9%
$167,389
Alternative Uses
Best Use
Retail
$215.2K
$188.3K – $251.1K
NOI $15,065 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.1K
$539.1K – $718.8K
NOI $43,126 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Apparel 28%
Shops & Services 19%
Electronics 2%
Ross Dress for Less
Apparel
50,859 visits/mo
0.3 miles
McDonald's
Dining
46,165 visits/mo
0.4 miles
Wendy's
Dining
26,558 visits/mo
0.3 miles
Dunkin' Donuts
Dining
17,680 visits/mo
0.3 miles
BP
Shops & Services
9,954 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Strip mall - Three retail units include two leased to long-term tenants, with additional income generated by a rooftop advertising sign.
Where is this strip mall located?
The property is located at 4044-48 S ARCHER Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $428,800.
What are key features of this property?
This property features: Three retail storefronts in a brick commercial center; Two units leased to long‑term tenants; Rooftop advertising sign generates additional income
