7736 Madison StForest Park, IL 60130

Property Details for 7736 Madison St

Year built

1984

Lot size

0.42 AC

Property type

Retail space

APN

15-13-101-043

APU

1513101043

Description

This exceptional investment opportunity presents a fully leased, 12,000 square foot retail strip center situated on a 0.46-acre lot in Forest Park, Illinois. The property, built in 1976, features seven individual units currently boasting 100% occupancy. The diverse tenant mix includes food service (Papa John's Pizza, Zesty Catering), fitness (Elite Fitness), medical (Forest Park Dental Associates, LTD., Cardio-Med & Pain Center), spa (Traci Dani Beauty Studio & Suites), and retail (Empowering Gardens, Inc.). Located at 7736 W Madison St, 60130, this single-story building is zoned B-1 and enjoys a prime location at the border of Forest Park and River Forest, just 1.5 miles southwest of Oak Park's downtown shopping district. Its high visibility and ample customer parking contribute to its strong performance. The property benefits from convenient access to the Forest Park Blue Line "el" station and I-290, ensuring excellent accessibility for both tenants and customers. The asking price for this exceptional investment is $1,800,000. The property's Cook County APN is 15-13-101-043-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,191,454

  6.5%

  $7,561,342

  7%

  $7,021,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,076,194

  Geo Method

  $6,076,194

• Alternative Use

  Use

  Valuation

  Residential

  $6,378,275

  Hospitality

  $5,842,466

  Educational

  $4,860,863

  Medical

  $5,028,036

  Retail

  $7,561,342

Location Insight

City

Forest Park

County

Cook

State

Illinois

Latitude

41.8791

Longitude

-87.8189

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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