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7123-7127 W Archer Ave 4,186 SF Retail Building Chicago, IL 60638 $648,000 ($154.80/SF) 8.11% Cap Rate
Investment Highlights
- Prime Location With High Visibility: Strategically located on Archer Ave (±30,900 VPD) and directly off of Harlem Ave (±46,800)
- Medical Office Investment
- Long Tenant Operating History
- National Leader In Dermatology Services
Executive Summary
This property offering at 7123-7127 W Archer Avenue & S Harlem Avenue represents a strategic investment or owner-user opportunity located at one of Chicago’s highly traversed intersections in the Garfield Ridge district. The site provides exceptional frontage and exposure along both Archer Avenue and Harlem Avenue, benefiting from substantial vehicular traffic and established neighborhood customer bases. The asset comprises storefront retail units ideal for service-oriented businesses, boutique retailers, or neighborhood dining concepts. Its configuration provides flexibility for multiple tenants and stable long-term income potential, while also remaining suitable for a single occupant seeking prominent brand visibility.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
4,186 SF
Building Class
C
Year Built
1940
Price
$648,000
Price Per SF
$154.80
Cap Rate
8.11%
NOI
$52,577
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.15 AC
Zoning
50 - Commercial Retail
Parking
5 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
86’ on Archer Ave
Amenities
- Signage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-18-101-001-0000 | Improvements Assessment | $37,081 |
| Land Assessment | $12,870 | Total Assessment | $49,951 |
Property Taxes
Parcel Number
19-18-101-001-0000
Land Assessment
$12,870
Improvements Assessment
$37,081
Total Assessment
$49,951
Contacts
-
Remi Bogdanovich -
Kyle Mackulak -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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