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 Market142
Property Features for 4900 S Archer Ave
General Information
Standard status
Active
Size
10,701 SF
Class
C
Property subtype
Office - Medical Office
Building Details
Building Size
10,701 SF
Year Built
1959
Units
5
Listing Agency:
Jameson Commercial
Listed By:
Enrique Guadalupe
(312) 216-8000
Source:
Commercialcafe
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 20 at 5:32PM
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 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 / 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
—
—
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.
How Realmo checks its estimates
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
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
