5772 Archer AveChicago, IL 60638

Property Details for 5772 Archer Ave

Year built

1951

Lot size

0.10 AC

Property size (Sq ft)

1,800 SF

Property type

Retail space

Property subtype

Storefront properties

APN

19-09-312-028

APU

1909312028

Description

This exceptional investment opportunity presents a fully operational, two-story restaurant and bar located at 5772 S Archer Avenue in Chicago's Garfield Ridge neighborhood (zip code 60638). Built in 1998, this 5,500 square foot establishment boasts a proven track record of success, having operated for 28 years. The property features a spacious layout with seating for 150 patrons downstairs and an additional 60 upstairs. A fully equipped kitchen ensures seamless operations, complemented by existing amenities including a DJ booth, arcade games, and slot machines, making it a truly turnkey operation. The high-traffic location on Archer Avenue offers excellent visibility and strong potential for continued growth. The asking price is $1,000,000, representing a compelling 14% cap rate. This single-tenancy property is ideal for experienced operators seeking a thriving business or investors looking for a strong return on investment in a vibrant and established community. A virtual tour is available.

• CAP approach

  CAP return

  Valuation

  6%

  $850,349

  6.5%

  $784,938

  7%

  $728,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,814

  Geo Method

  $590,814

• Alternative Use

  Use

  Valuation

  Residential

  $662,124

  Hospitality

  $606,502

  Educational

  $504,603

  Medical

  $521,957

  Retail

  $784,938

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7968

Longitude

-87.7573

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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