Single-Tenant Library
For Sale
Contact for pricing
6348 South Archer Avenue, Chicago, IL 60638
Chicago Public Library branch is a single-tenant asset with a 10-year lease extension and 3% annual rental increases.
Property Size7,725 SF
Price / SF$385.11
Days on Market87
Property Features for 6348 South Archer Avenue
General Information
Standard status
Active
Size
7,725 SF
Property subtype
Retail
Lease Type
Modified Gross
Net Operating Income
$242,707
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Buildings
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Jack Collins · License #475.204707
Source:
Crexi
Added: Jun 11
Changed: Aug 28
Last Checked: Aug 31 at 7:52AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Horvath & Tremblay presents the exclusive opportunity to purchase the Garfield Ridge branch of the Chicago Public Library, a single-tenant investment property at 6348 S Archer Avenue. The Chicago Public Library has been at this location since 2005 and has recently extended its lease, demonstrating continued commitment to the site. The library has 8+ years remaining on its 10-year extension, and the lease includes 3% annual rental increases.
The property occupies a highly visible corner location at the signalized intersection of S Mulligan Avenue, W 55th Street, and S Archer Avenue, positioned along the area’s primary commercial and commuter corridor. The site benefits from strong traffic counts, excellent frontage, and convenient access within a well-established commercial trade area.
The Garfield Ridge branch is served along the CTA bus line and is described as convenient to several train stations, including Amtrak, the CTA Orange Line, and the BNSF Metra Line. The area is also noted for access to S Cicero Avenue (IL Route 50), S Harlem Avenue, and Interstate 55.
The property occupies a highly visible corner location at the signalized intersection of S Mulligan Avenue, W 55th Street, and S Archer Avenue, positioned along the area’s primary commercial and commuter corridor. The site benefits from strong traffic counts, excellent frontage, and convenient access within a well-established commercial trade area.
The Garfield Ridge branch is served along the CTA bus line and is described as convenient to several train stations, including Amtrak, the CTA Orange Line, and the BNSF Metra Line. The area is also noted for access to S Cicero Avenue (IL Route 50), S Harlem Avenue, and Interstate 55.
Key Highlights
- Chicago Public Library branch at 6348 S Archer Avenue, Chicago, IL, offered as a single‑tenant investment.
- Chicago Public Library has been at this location since 2005 with a recently extended 10‑year lease.
- Lease includes 3% annual rental increases, with 8+ years remaining on the 10‑year extension.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
School - Chicago Public Library branch is a single-tenant asset with a 10-year lease extension and 3% annual rental increases.
Where is this school located?
The property is located at 6348 South Archer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Chicago Public Library branch at 6348 S Archer Avenue, Chicago, IL, offered as a single‑tenant investment.; Chicago Public Library has been at this location since 2005 with a recently extended 10‑year lease.; Lease includes 3% annual rental increases, with 8+ years remaining on the 10‑year extension.
