6071 S Archer Ave 13,000 SF Retail Building Chicago, IL 60638 £1,280,287 (£98.48/SF)
INVESTMENT HIGHLIGHTS
- Great for Spanish-owned restaurant with great access to bus line and 0.5 mile from Chicago Midway International Airport.
- Great location next to Jewel Osco and among a mix of national and local restaurants like KFC, Danny's Pizza Place, Nicky's Hot Dogs, and others.
- 2,500 Square Foot Apartments on Second Floor - Can Easily Be Converted to Office Space
- Over 108 feet of frontage along S Archer Avenue at the signalized intersection of Mayfield and Archer.
- Close vicinity to AMITA Health Chicago and numerous religious facilities nearby.
EXECUTIVE SUMMARY
LAST CHANCE !!! BEFORE WILL TURN TO SOMETHING ELSE .Great for spenish speaking investors opportunity over: 13,000 SF building plus 1,000 SF basement storage room Bilding being used as a banquet hall and restaurant is open with valid liquor and food licenses redy for new owner to take over. Banquet hall can be easily divided into two different spaces. Building capacity of 400 people. Current tenant has been operating for over 38 years. Business potential over $1M a year with assistance available from the current owner. Second floor features additional 2,500 SF of apartments that can be renovated or converted to office space or two apartments. 34-36 parking spaces are available on site, too. Property and business value worth $2.5M: last ofer 1.675M !!!call to make ofer by 04-30-25 773-585-0202.Owner motivated by retirement!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,000 SF
Building Class
C
Year Built/Renovated
1977/2008
Price
£1,280,287
Price Per SF
£98.48
Tenancy
Single
Number of Floors
2
Building FAR
0.73
Lot Size
0.41 AC
Zoning
B3-1 - Community Shopping District
Parking
35 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
108 ft on Archer Ave
AMENITIES
- Signage
Walk Score®
Very Walkable (77)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
22,940
162,635
563,134
1,007,066
2029 Population
21,884
154,556
529,395
940,735
2024-2029 Projected Population Growth
-4.6%
-5.0%
-6.0%
-6.6%
Median Age
39.7
37.6
36.4
37.4
College Degree + Higher
23%
18%
16%
14%
Daytime Employees
6,655
61,842
155,178
366,370
Total Businesses
596
5,009
14,877
39,527
Average Household Income
$100,659
$85,049
$77,817
$79,248
Median Household Income
$87,327
$68,153
$59,160
$56,833
Total Consumer Spending
$257.3M
$1.6B
$5B
$9.4B
2024 Households
7,825
51,842
174,753
340,602
Average Home Value
$270,481
$252,934
$251,451
$286,736
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-08-424-103-0000 | Improvements Assessment | £55,471 |
| Land Assessment | £19,177 | Total Assessment | £74,648 |
