4269 Archer Ave Chicago, IL 60632
- Retail space
- 4,300 SF
- 0.08 lot acres
Current Use by Public Records
- Cannella School of Hair Design / Beauty School
- ParkChicago #281604 / Public Parking Space
Property Details for 4269 Archer Ave
- Year built
- 1938
- Lot size
- 0.08 lot acres
- Property size
- 4,300 SF
- Property type
- Retail space
- APN
- 19-01-127-008
- APU
- 1901127008
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7011
- Latitude
- 41.8157
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
