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7405 Madison St 3,686 SF Retail Building Forest Park, IL 60130 $675,000 ($183.13/SF)
EXECUTIVE SUMMARY
PRICE REDUCED! Prime Madison Street Mixed-Use Building in the Heart of Forest Park Incredible investment opportunity in a high-visibility, high-foot-traffic location on vibrant Madison Street. This well-maintained mixed-use building features a first-floor retail space with soaring floor-to-ceiling windows, exposed brick walls, and a striking ultra-modern glass entry door-currently home to a successful flower and home goods shop with ample office and storage space. Above, a spacious and recently updated 3-bedroom, 1.1-bath apartment offers excellent rental income or live-work potential. Highlights include a private balcony and outdoor space, tons of storage, updated kitchen and baths, and generous natural light throughout. Additional perks include 4 private parking spaces, basement storage, and alley access. This property is perfectly situated among popular restaurants, coffee shops, boutiques, and specialty retail, making it an ideal location for both commercial success and residential appeal. A rare Forest Park find for entrepreneurs, investors, or anyone looking to be in the heart of it all.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,686 SF
Building Class
C
Year Built
1916
Price
$675,000
Price Per SF
$183.13
Tenancy
Single
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.08 AC
Zoning
B1, Forest Park
Parking
4 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
26’ on Madison St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Moss Modern Flowers Ltd
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Moss Modern Flowers Ltd | Retailer | - | - | - |
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-12-433-027-0000 | Improvements Assessment | $45,792 |
| Land Assessment | $3,125 | Total Assessment | $48,917 |
PROPERTY TAXES
Parcel Number
15-12-433-027-0000
Land Assessment
$3,125
Improvements Assessment
$45,792
Total Assessment
$48,917
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7405 Madison St
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