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    Summit Mixed-Use Investment Opportunity Title is generated by Realmo AI

    6135 South Archer Avenue, Chicago, IL 60638

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    Claim this Listing
    For Sale
    $980,000

    Mixed-use property with income-generating apartments and potential for various businesses.

    Property size:
    3,555 SF
    Price / SF:
    $275/SF
    Added:
    May 14, 2026
    Days on Market:
    15
    Last Refresh:
    May 15 at 9:39 pm

    Property Features for 6135 South Archer Avenue

    General Information

    Standard status
    Active
    Size
    3,555 SF

    Building Details

    Year Built
    2010

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    Listing Contact
    Jim

    Listing agent Jim

    Listing office The Leading Realtors Corp.

    Listing date May 14, 2026

    Source Compass

    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 The Leading Realtors Corp.

    HighLights

    • Prime Summit location with high visibility.
    • Expansive 2,800 sq. ft. main level suitable for various businesses.
    • Luxurious, high‑end sauna facilities in the lower level.
    • Two fully rented second‑floor apartments provide steady income.
    • Mixed‑use property offering endless possibilities.
    • Priced below current construction costs.

    Overview

    This two-story mixed-use property is located in Summit and offers a range of possibilities. The building includes two fully rented second-floor apartments with long-term tenants, providing a consistent income stream. The main level spans 2,800 square feet and is suitable for a spa, recreation center, cafe, restaurant, private event venue, or banquet hall. The lower level features high-end sauna facilities. The property is 3,555 square feet and presents an investment and owner-user opportunity.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $735.2K
    NOI $66,166 @ 9.00% cap · cautious / downside scenario
    Moderate
    $945.2K
    NOI $66,166 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.32M
    NOI $66,166 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
    Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $93.9k $26.40
    − Vacancy −$5.6k −$1.58
    EGI $88.2k $24.82
    − OpEx −$22.1k −$6.20
    NOI $66.2k $18.61
    3,555 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $945.2K
    $827.1K – $1.10M (±1% cap)
    NOI $66,166 @ 7.0% cap · market cap 6.75%
    Second Best
    Mixed Use
    $857.0K
    $749.9K – $999.9K (±1% cap)
    NOI $59,991 @ 7.0% cap · market cap 6.12%
    Theoretical Best
    Office A
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,332 @ 7.0% cap · market cap 11.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7712513
    Latitude
    41.7940536

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with income-generating apartments and potential for various businesses.
    Where is this mixed-use property located?
    The property is located at 6135 South Archer Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Prime Summit location with high visibility.; Expansive 2,800 sq. ft. main level suitable for various businesses.; Luxurious, high‑end sauna facilities in the lower level.
    More about this property
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