7213 Roosevelt RdForest Park, IL 60130

Property Details for 7213 Roosevelt Rd

Year built

1943

Lot size

0.14 AC

Property type

Retail space

APN

15-13-431-032

APU

1513431032

Description

This exceptional 5,624-square-foot retail and industrial property, located at 7213 W. Roosevelt Rd in Forest Park, Illinois (zip code 60130), presents a unique investment opportunity. The building, situated on a high-exposure street, is currently configured as a single-tenant space, previously used for vehicle alarm installation. The layout includes ample showroom space and three convenient drive-in doors at the rear, ideal for servicing vehicles. The property boasts a 12-foot ceiling height and offers convenient parking for ten or more cars. The building is divisible into two units: 2,352 square feet and 3,272 square feet, providing flexibility for various uses. Recent significant renovations have enhanced the property's appeal, including new and larger windows, an additional restroom, new French floor drains, and a completely updated exterior facade. The B-2 Community Shopping zoning allows for a wide range of automotive-related businesses, sales, and service operations. This prime location in Cook County offers excellent street and side parking, ensuring convenient access for both customers and employees. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,765,589

  6.5%

  $2,552,852

  7%

  $2,370,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,051,438

  Geo Method

  $2,051,438

• Alternative Use

  Use

  Valuation

  Residential

  $2,153,426

  Hospitality

  $1,972,526

  Educational

  $1,641,119

  Medical

  $1,697,560

  Retail

  $2,552,852

Location Insight

City

Forest Park

County

Cook

State

Illinois

Latitude

41.8653

Longitude

-87.805

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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