November 21, 2022 – Mark Heidecke of Horvath & Tremblay has successfully completed the sale of 6330 S Archer Avenue in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $325,000.
The Property is located at 6330 S Archer Avenue in Chicago, Illinois. 6330 South Archer Avenue is improved by a one-story, single-tenant office building of 575 square feet and a 2-Bedroom/1-Bathroom house of 1,200 square feet, for a total of 1,775 square feet on a 0.08-acre parcel. The two buildings were built in a 1953 and offer commercial zoning, with the residential home grandfathered into the Property. 6330 South Archer Avenue is located in a Community Shopping District Zone (B3-1), which allows for shopping centers, large stores, and retail storefronts, more types of businesses than B1 and B2 districts, and apartments are permitted above the ground floor. 6330 South Archer Avenue is situated in the Garfield Ridge community area on Chicago’s southwest side. The Property is well-located on a corner lot on South Archer Avenue, the primary commercial thoroughfare in Garfield Ridge and home to a number of national and local tenants that drive traffic to the area. Garfield Ridge is also home to Midway International Airport, which is located just minutes from the Property, and houses an “L” Station on the Chicago Transit Authority’s Orange Line, with service from the Loop to Garfield Ridge.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.