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    4269 Archer Ave Chicago, IL 60632

    For Sale
    $450,000

    Chicago Storefront - High-Yield Investment

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This 6,000 square foot retail storefront, located at 4269 S Archer Ave in Chicago, IL 60632, presents a compelling investment opportunity. Currently net-leased to Cannella School of Hair Design, a well-established cosmetology school with multiple Chicagoland locations, the property boasts a strong, long-term tenant. The lease is currently in its second renewal option, extending to June 2022, with a significant 10-year renewal option through 2032, which the tenant intends to exercise early. Generating $48,000 in net annual rent, the property offers a 10% capitalization rate at the asking price of $450,000. The tenant is responsible for all taxes, insurance, utilities, and maintenance costs. This highly visible location on Archer Avenue, near Kedzie Avenue, benefits from a daily traffic count of 25,237 vehicles and a prominent projecting sign. The property is situated in the Brighton Park neighborhood, a desirable area close to public transportation, major roads, and the I-55 Stevenson Expressway. Nearby businesses include Walgreens, Dunkin', Jewel-Osco, Pete's Fresh Market, and various restaurants, enhancing the area's vibrancy and foot traffic. The B3-2 zoning provides flexibility for future uses. This is a rare opportunity to acquire a stable, high-yielding retail property in a prime Chicago location.

    Property Features for 4269 Archer Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,000 SF

    HighLights

    • 6,000 SF retail storefront at 4269 S Archer Ave, Chicago, IL 60632.
    • Net‑leased to Cannella School of Hair Design with a strong, long‑term lease.
    • Lease extends to June 2022, with a 10‑year renewal option through 2032.
    • $48,000 net annual rent, 10% cap rate at $450,000 asking price.
    • Tenant pays NNN (taxes, insurance, utilities, and maintenance).
    • High visibility on Archer Ave near Kedzie Ave, with a projecting sign.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannella School of Hair ... Beauty School ParkChicago #281604 Public Parking Space

    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
    -87.7012334
    Latitude
    41.8157919

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    FAQs

    What type of property is this?
    Individual retail property - Chicago Storefront - High-Yield Investment
    Where is this individual retail property located?
    The property is located at 4269 Archer Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 6,000 SF retail storefront at 4269 S Archer Ave, Chicago, IL 60632.; Net-leased to Cannella School of Hair Design with a strong, long-term lease.; Lease extends to June 2022, with a 10-year renewal option through 2032.
    Request Owner's contact information
    4269 Archer Ave 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
    4269 Archer Ave Chicago, IL 60632
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