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 Market149
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: Oct 7
Last Checked: Oct 19 at 7:28AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$235,861
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Chicago, IL
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
