Mixed-Use Building with Rooftop
For Sale
Contact for pricing
4900-4916 S Archer Ave, Chicago, IL 60632
C2-3-zoned property combines medical, retail, office, and residential components with dedicated on-site parking.
Property Size10,701 SF
Lot Size0.56 Acres
Price / SF$336.42
Days on Market101
Property Features for 4900-4916 S Archer Ave
General Information
Standard status
Active
Size
10,701 SF
Total Parking Spaces
33
Lot size
0.56 Acres
Property subtype
OFFICE
Zoning
C2-3
Additional Details
Office Units
3
Amenities
rooftop deck
Building Details
Buildings
1
Stories
2
Building Size
10,701 SF
Tenancy
Multi
Listing Agency:
Jameson Commercial
(312) 216-8000
Listed By:
Enrique Guadalupe
(312) 532-9244
Source:
Moodyscre
Added: May 25
Changed: Aug 30
Last Checked: Sep 1 at 11:40PM
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 Jameson Commercial
Investment Insights
Based on property information with market context.
This 10,701-square-foot mixed-use building contains five units across a varied commercial and residential configuration. The first floor includes three medical office suites and one retail unit, while the second floor features a 3,850-square-foot apartment with seven bedrooms and three bathrooms. A 2,365-square-foot basement provides additional storage or expansion space, and the property also includes a 900-square-foot rooftop deck.
The 24,547-square-foot land site includes a private parking lot striped for 33 vehicles. Zoned C2-3, the property supports a combination of medical office, office, retail, and residential space within one building. National and regional retailers surround the site.
The 24,547-square-foot land site includes a private parking lot striped for 33 vehicles. Zoned C2-3, the property supports a combination of medical office, office, retail, and residential space within one building. National and regional retailers surround the site.
Key Highlights
- 10,701 SF building with 5 units
- First floor includes 3 medical office suites and 1 retail unit
- 3,850 SF second‑floor apartment with 7 bedrooms and 3 bathrooms
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
Mixed Use
$2.52M
$2.21M – $2.94M
NOI $176,567 @ 7.0% cap · market cap 4.90%
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
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-3-zoned property combines medical, retail, office, and residential components with dedicated on-site parking.
Where is this mixed-use property located?
The property is located at 4900-4916 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: 10,701 SF building with 5 units; First floor includes 3 medical office suites and 1 retail unit; 3,850 SF second‑floor apartment with 7 bedrooms and 3 bathrooms
