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    4177-4179 Archer Ave Chicago, IL 60632

    Sponsored
    For Lease
    $15 SF/Yr

    Chicago Warehouse: 30,250 SF + Parking

    Lot size:
    30,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Chicago commercial property presents a unique redevelopment opportunity. Comprising two buildings totaling approximately 30,250 square feet, this offering includes a separate 13,736 square foot parking lot with capacity for over 50 vehicles. The property is situated on Archer Avenue in the Brighton Park neighborhood, conveniently located near Midway International Airport. One building, a single-story masonry structure at 4177-4179 S. Archer Avenue, is currently configured as medical space. The second building, located at 4181-4193 S. Archer Avenue, is a two-story masonry structure with retail space on the ground floor and flexible space on the upper level. A separate 50+ car parking lot at 4210 S. Richmond Street is included. The property is offered for sale or lease as a whole, but the owner will consider selling the buildings individually with a portion of the parking lot. Two spaces are currently available, ranging from 6,250 to 24,000 square feet. This versatile property is ideal for investors seeking a significant redevelopment project in a prime southwest Chicago location. Contact us today to discuss pricing and explore the possibilities.

    Property Features for 4177-4179 Archer Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,250 SF

    Unit(s) available at that property

    Space
    4177-4179 S. Archer Avenue
    Size
    6,250 SF
    Rate per SF
    $25
    Space
    4181-4193 S. Archer Avenue
    Size
    24,000 SF
    Rate per SF
    $25

    HighLights

    • Retail/warehouse property totaling ±30,250 SF, plus a ±13,736 SF parking lot accommodating 50+ vehicles.
    • Two buildings available for sale or lease: a single‑story building at 4177‑4179 S. Archer Ave. (currently medical space) and a two‑story building at 4181‑4193 S. Archer Ave. (currently retail/flex space).
    • Individual building sales with partial parking lot ownership considered.
    • Located in Chicago's Brighton Park neighborhood, near Midway International Airport.
    • Two available spaces ranging from 6,250 SF to 24,000 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.69843
    Latitude
    41.8172654

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    FAQs

    What type of property is this?
    Distribution property - Chicago Warehouse: 30,250 SF + Parking
    Where is this distribution property located?
    The property is located at 4177-4179 Archer Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Retail/warehouse property totaling ±30,250 SF, plus a ±13,736 SF parking lot accommodating 50+ vehicles.; Two buildings available for sale or lease: a single-story building at 4177-4179 S. Archer Ave. (currently medical space) and a two-story building at 4181-4193 S. Archer Ave. (currently retail/flex space).; Individual building sales with partial parking lot ownership considered.
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    4177-4179 Archer Ave Chicago, IL 60632
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    Chicago, IL 60632
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4177-4179 Archer Ave Chicago, IL 60632
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