Bakery Storefront with Included
For Sale
$325,000
4242 S Archer Ave, Chicago, IL 60632
Occupied storefront with bakery equipment, updated building systems, and rear delivery-van parking.
Property Size2,187 SF
Price / SF$148.61
Days on Market31
Property Features for 4242 S Archer Ave
General Information
Standard status
Active
Size
2,187 SF
Site & Location
Traffic Count
26,000 vehicles/day
Road Access
Yes
Additional Details
Equipment Included
Yes
Amenities
space to park delivery van behind the property
Building Details
Year Built
1930
Tenancy
Single
Abandoned
No
Listing Agency:
EXIT Strategy Realty
(773) 294-7534
Listed By:
Alberto Gonzalez · License #475155143
Source:
Grandviewrealtyservices
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 28 at 12:55PM
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 EXIT Strategy Realty
Investment Insights
Based on property information with market context.
This 2,187-square-foot storefront property includes a bakery buildout and attached equipment, with some exclusions. The space is currently occupied by a business operating under a month-to-month tenancy. Building updates include new flooring, a newer roof, and some new plumbing, along with newer furnace and air-conditioning equipment. Constructed in 1930, the property combines an established commercial layout with several recent improvements.
The property is positioned along the Archer Avenue commercial corridor, with reported traffic of approximately 26,000 cars per day. A rear area provides space for parking a delivery van, adding practical support for bakery or other storefront operations.
The property is positioned along the Archer Avenue commercial corridor, with reported traffic of approximately 26,000 cars per day. A rear area provides space for parking a delivery van, adding practical support for bakery or other storefront operations.
Key Highlights
- 2,187 SF storefront property with an operating bakery tenant
- Attached bakery equipment included, subject to some exclusions
- Month‑to‑month tenancy currently in place
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
$29,288
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
9.01%
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%
$585,760
$585.8K
Cap Rate 7%
$418,400
$418.4K
Cap Rate 9%
$325,422
$325.4K
Market Conditions
NOI Build-Up for 2,187 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
$42.0K $19.20/SF
− Vacancy
−$2.9K −$1.34/SF
EGI
$39.1K $17.86/SF
− OpEx
−$9.8K −$4.46/SF
NOI
$29.3K $13.39/SF
Area
ZIP 60632
Vacancy
7.00%
Lease Rate
$19.20 /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%
$585,760
Cap Rate 7%
$418,400
Cap Rate 9%
$325,422
Alternative Uses
Best Use
Specialty Retail
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$336.2K
$294.2K – $392.2K
NOI $23,533 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$962.4K
$842.1K – $1.12M
NOI $67,369 @ 7.0% cap · market cap 20.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Electronics 8%
Dining 6%
Apparel 1%
Dollar Tree
Shops & Services
15,151 visits/mo
0.1 miles
Chase Bank
Shops & Services
8,792 visits/mo
0.2 miles
AutoZone
Shops & Services
6,336 visits/mo
0.3 miles
Huntington Bank
Shops & Services
6,109 visits/mo
0.2 miles
PLS Financial Services
Shops & Services
5,770 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Similar Off Market Nearby
- Anna's Gift & Flower Shop — 4382 S Archer Ave, Chicago, IL 60632
- Floreria Bella Rosa — 4108 S Archer Ave, Chicago, IL 60632
- Diamonds Flowers — 4004 S Archer Ave, Chicago, IL 60632
- Tulips Flores & Mas — 3750 S Kedzie Ave, Chicago, IL 60632
Frequently Asked Questions
What type of property is this?
Storefront property - Occupied storefront with bakery equipment, updated building systems, and rear delivery-van parking.
Where is this storefront property located?
The property is located at 4242 S Archer Ave Chicago, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,187 SF storefront property with an operating bakery tenant; Attached bakery equipment included, subject to some exclusions; Month‑to‑month tenancy currently in place
