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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 |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
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
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 15-12-434-053-1006 | Total Assessment | $7,917 (2024) |
| Land Assessment | $479 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $7,438 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
15-12-434-053-1006
Land Assessment
$479 (2024)
Improvements Assessment
$7,438 (2024)
Total Assessment
$7,917 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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7321 Madison St
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