Chicago Public Library 6348 S Archer Ave 7,725 SF Retail Building Chicago, IL 60638 $4,156,551 CAD ($538.06 CAD/SF) 8.16% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Garfield Ridge branch of the Chicago Public Library, a single tenant investment property located at 6348 S Archer Avenue in Chicago, Illinois (the “Property”). The Chicago Public Library has been at this location since 2005 and has recently extended its lease demonstrating commitment to the site and the location. The Chicago Public Library has 8+ years remaining on their 10-year extension. The lease includes attractive 3% annual rental increases.
The Garfield Ridge branch of the Chicago Public Library occupies a highly visible corner location at the signalized intersection of S Mulligan Avenue, W 55th Street, and S Archer Avenue, the area’s primary commercial and commuter corridor. The Property benefits from strong traffic counts, excellent frontage, and convenient access in a well-established commercial trade area. Surrounded by a mix of national and local retailers, restaurants, and service providers, the site draws from consistent daily consumer traffic generated by the surrounding commercial density and mature residential base. The Property also offers exceptional regional connectivity, with quick access to S Cicero Avenue (IL Route 50), S Harlem Avenue and Interstate 55, providing direct linkage to Downtown Chicago and the broader Chicagoland MSA. The site is positioned along the CTA bus line and is convenient to several train stations (Amtrak, CTA Orange Line and BNSF Metra Line).