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7123-7127 W Archer Ave
Chicago, IL 60638
Retail Property For Sale
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
$900,895 CAD
Price Per SF
$215.22 CAD
Cap Rate
8.11%
NOI
$73,096 CAD
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
Property Taxes
| Parcel Number | 19-18-101-001-0000 | Improvements Assessment | $51,553 CAD |
| Land Assessment | $17,893 CAD | Total Assessment | $69,445 CAD |
Property Taxes
Parcel Number
19-18-101-001-0000
Land Assessment
$17,893 CAD
Improvements Assessment
$51,553 CAD
Total Assessment
$69,445 CAD
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