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7353 Madison St 3,000 SF of Retail Space Available in Forest Park, IL 60130
Highlights
- Second-generation restaurant space | Fully built-out restaurant with existing infrastructure in place | Full commercial kitchen
- Full basement for storage, refrigeration, and operational support | Large outdoor patio/dining area at the front of the building
- Surrounded by a strong mix of restaurants, bars, retailers, and neighborhood amenities | Excellent visibility and pedestrian traffic
- Bright and inviting main dining room w/ abundant natural light | Attractive, well-appointed bar and seating area | Private rear dining room for events
- Prime location within Forest Park's vibrant Madison Street dining district
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Restaurant | 3,000 SF | Negotiable | $30.00 /SF/YR $2.50 /SF/MO $90,000 /YR $7,500 /MO | Double Net |
1st Floor, Ste Restaurant
Outstanding opportunity to lease a fully built-out second-generation restaurant space in the heart of Forest Park's acclaimed Madison Street dining district. This approximately 3,000-square-foot restaurant offers a turnkey opportunity for operators seeking a highly functional and inviting space with extensive existing infrastructure. The premises feature a full commercial kitchen buildout, allowing a new operator to significantly reduce startup costs and expedite opening. The spacious and bright main dining room offers an attractive atmosphere with abundant natural light, a well-appointed bar, and ample seating capacity, creating an ideal setting for both casual dining and evening service. In addition to the main dining area, the space includes a private rear dining room that is perfectly suited for private events, corporate gatherings, celebrations, or overflow seating during peak operating hours. This flexible layout provides multiple revenue opportunities and enhances the overall guest experience. The property also benefits from a full basement, offering substantial additional space for storage, refrigeration, inventory management, and operational support. Complementing the interior amenities is a large outdoor patio area at the front of the building, providing valuable seasonal seating and a highly desirable outdoor dining experience along one of the region's most active restaurant corridors.
- Lease rate does not include certain property expenses
- Fully Built-Out as a Restaurant or Café Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,000 SF | Gross Leasable Area | 4,275 SF |
| Property Type | Retail | Year Built/Renovated | 1920/2010 |
| Property Subtype | Restaurant |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,275 SF |
| Year Built/Renovated | 1920/2010 |
About the Property
Located in the heart of Downtown Forest Park, 7353 Madison Street offers a premier position along one of Chicagoland's most vibrant and established dining and entertainment corridors. Madison Street serves as the community's main commercial artery, drawing residents and visitors from across the western suburbs for its diverse collection of restaurants, bars, cafés, boutiques, and neighborhood services. Forest Park has earned a reputation as a destination dining district, with Madison Street featuring a highly walkable environment and a concentration of locally owned establishments that generate consistent daytime and evening traffic. The area benefits from a dense residential base, strong household incomes, and a loyal customer following from neighboring communities including Oak Park, River Forest, Elmwood Park, and Berwyn. The property enjoys excellent accessibility via major regional transportation routes, including Interstate 290, and is within walking distance of the CTA Blue Line and the Metra Union Pacific West Line, providing convenient access for employees and patrons from throughout the Chicago metropolitan area. Adding to the area's demand drivers, Forest Park is home to major institutional employers, including Loyola University Medical Center, Rush Oak Park Hospital, and the Hines VA Hospital, which contribute thousands of employees, visitors, and healthcare professionals to the surrounding market. With its established restaurant scene, strong demographics, convenient transit access, and thriving small-business environment, Downtown Forest Park continues to attract both independent operators and regional concepts seeking visibility in a proven hospitality market.
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7353 Madison St
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