7321 Madison St 22,000 SF Retail Building Forest Park, IL 60130 $2,999,999 ($136.36/SF)
INVESTMENT HIGHLIGHTS
- Heavy car and foot traffic along busy Madson St in Forest Park
- Natural light throughout
- Plenty of on street public parking
EXECUTIVE SUMMARY
Price Reduced!! So many options! Perfect for an investor (1031 exchange). This beautiful brick multi-tenant investment is in the heart of Forest Park on bustling Madison St just west of Harlem. Be part of this busy stretch of bars/restaurants/shops. Tenants include Jimmy Johns, an IT company that has been there since 2009, a new restaurant and the suburbs newest hottest music venue. Robert West Side. Plenty of street parking and public parking in the area and close to public transportation and the highway! Many updates and improvements/turn key but tons of value-add options.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
C
Year Built
1926
Price
$2,999,999
Price Per SF
$136.36
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.80
Lot Size
0.28 AC
Zoning
B-2, Forest Park
Frontage
AMENITIES
- Restaurant
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This open-air office space consists of 7 private offices, two conference rooms, a kitchenette, men and women's washrooms, a storage room and a large open bullpen area.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 6,800 SF | Office/Medical | - | Jun 2025 |
2nd Floor
| Size |
| 6,800 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Jun 2025 |
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $131,929 (2024) | |
| Land Assessment | $30,633 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $101,296 (2024) | Tax Year | 2023 |
