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7311-7313 North Ave 2,800 SF 50% Leased Retail Building River Forest, IL 60305 $315,000 ($112.50/SF)
Investment Highlights
- The property features prominent frontage along North Avenue, providing strong visibility to consistent daily traffic.
- The asset offers convenient access to nearby major roadways, enhancing regional connectivity.
- Its location within an established commercial corridor supports a wide range of retail and service-oriented uses.
- The immediate trade area is anchored by a mix of national retailers, local businesses, and neighborhood services.
Executive Summary
Attractive 2 tenant investment property, OR, move yourself into the west side of the building and generate cash flow from the
in place tenant.
in place tenant.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$24,255
|
$8.66
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,255
|
$8.66
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $24,255 |
| Annual Per SF | $8.66 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,255 |
| Annual Per SF | $8.66 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built
1950
Price
$315,000
Price Per SF
$112.50
Percent Leased
50%
Building Height
1 Story
Building FAR
0.64
Lot Size
0.10 AC
Zoning
C-1
Parking
6 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
38’ on North Ave
Amenities
- 24 Hour Access
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- G Cleaners
- -
- 1,400 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| G Cleaners | - | 1,400 SF | - | Modified Gross | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-01-204-038-0000 | Total Assessment | $85,172 |
| Land Assessment | $25,369 | Annual Taxes | $24,255 ($8.66/SF) |
| Improvements Assessment | $59,803 | Tax Year | 2025 |
Property Taxes
Parcel Number
15-01-204-038-0000
Land Assessment
$25,369
Improvements Assessment
$59,803
Total Assessment
$85,172
Annual Taxes
$24,255 ($8.66/SF)
Tax Year
2025
1 of 2
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Street View
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Map
Contact the Sale Advisor
7311-7313 North Ave