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River Forest, IL

River Forest, IL Commercial Real Estate for Sale

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Oak Park, IL Elmwood Park, IL Forest Park, IL

River Forest Commercial Retail Investment

Updated: Feb 24

River Forest Commercial Retail Investment

7361 North Avenue, River Forest, IL 60305

$600,000

3,200 sqft · 0.14 AC lot

Two renovated, adjoining storefronts fully leased to long‑term tenants (Chiropractor and Fitness Studio).
High visibility location on busy North Avenue (IL‑64) with approximately 30,000 vehicles per day.
Located in the village of River Forest, bordering Elmwood Park, an immediate western Chicago suburb.
Total building size of +/-3,200 SF comprised of a +/-2,200 SF unit and a +/-1,000 SF unit.
Includes an 8‑car parking lot.

This listing looks promising.

Here's a quick look at some key insights for

7361 North Avenue, River Forest, IL 60305

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$44K
Annual
Price @ 7% Cap

$635K
Above asking
Property Type

Retail Stores
Built 1953

View Property Analytics

River Forest Retail and Office

Updated: Mar 6

River Forest Retail and Office

7777 Lake St, River Forest, IL 60305

Contact for pricing

15,000 sqft · 0.45 AC lot

Value‑add opportunity with a 15,000 SF retail and office building on 0.45 acres.
High visibility location in River Forest, near downtown Chicago and Oak Park.
48% occupied with 20 total units, including established tenants like Edward Jones Investments and River Forest Dry Cleaners & Tailoring.
Convenient access to public transportation: Harlem/Lake Green Line "el" station, River Forest Metra station, and Oak Park Metra station.
Easy access to major roadways: I‑290, I‑294, Illinois Route 43, and Illinois Route 64.

Vacant Lot in River Forest

Vacant Lot in River Forest

1101 Bonnie Brae Place, River Forest, IL 60305

$1,200,000

0.42 AC lot

Vacant lot suitable for condos or townhomes development.

River Forest Retail and Office

River Forest Retail and Office

7777 Lake St, River Forest, IL 60305

$2,750,000

12,000 sqft · 0.45 AC lot

24,516 SF retail and office building for sale.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in River Forest, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Oak Park Mixed-Use Property

Oak Park Mixed-Use Property

1140 Erie Street, Oak Park, IL 60302

$475,000

2,297 sqft · 0.05 AC lot

Mixed-use property in prime Oak Park location.

Oak Park Retail Opportunity

Oak Park Retail Opportunity

1129 Lake Street |, Oak Park, IL 60301

$12,527,000

Retail property in Oak Park with strong tenancy.

Retail Space on Harlem Avenue

Retail Space on Harlem Avenue

479 N Harlem Ave |, Oak Park, IL 60301

Contact for pricing

1,440 sqft

Retail space available with frontage on Harlem Avenue.

Downtown Corner Retail Storefront

Downtown Corner Retail Storefront

1044 Lake Street, Oak Park, IL 60302

Contact for pricing

10,033 sqft

Corner storefront near transit with strong foot traffic and nearby retail, restaurants, and public parking.

Off-Market Properties in River Forest, IL

Consider similar Off-Market properties in River Forest, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RETAIL STORES (PERSONAL SERVICES)

7577 Lk St, River Forest, IL 60305-1847

Value Estimation by Request

0.07 AC lot

RETAIL STORES (PERSONAL SERVICES)

7513 Lk St, River Forest, IL 60305-1819

$775,000

Estimated value

0.12 AC lot

GROCERY, SUPERMARKET

7525 Lk St, River Forest, IL 60305-1844

$520,000

Estimated value

4.56 AC lot

GROCERY, SUPERMARKET

7519 Lk St, River Forest, IL 60305

Value Estimation by Request

0.36 AC lot

COMMERCIAL (GENERAL)

7521 Lk St, River Forest, IL 60305

Value Estimation by Request

0.06 AC lot

RESIDENTIAL PARKING GARAGE

7348 Lk Stp1, River Forest, IL 60305-2257

Value Estimation by Request

0.19 AC lot

7756 Madison St

RETAIL STORES (PERSONAL SERVICES)

7756 Madison St, River Forest, IL 60305-2058

$890,000

Estimated value

0.47 AC lot

7608 Madison St

AUTO REPAIR, GARAGE

7608 Madison St, River Forest, IL 60305

$1,670,000

Estimated value

0.05 AC lot

RESIDENTIAL PARKING GARAGE

8121 Lk St, River Forest, IL 60305-1617

Value Estimation by Request

0.02 AC lot

1533 William St, Unit P14

RESIDENTIAL PARKING GARAGE

1533 William St, River Forest, IL 60305-1152

Unit P14

Value Estimation by Request

0.44 AC lot

RESIDENTIAL PARKING GARAGE

7352 Lk Stp1, River Forest, IL 60305-2260

Value Estimation by Request

0.19 AC lot

7354 Central Ave, Unit 106

CONDOMINIUM OFFICES

7354 Central Ave, River Forest, IL 60305-2237

Unit 106

Value Estimation by Request

0.74 AC lot

7354 Central Ave, Unit 105

CONDOMINIUM OFFICES

7354 Central Ave, River Forest, IL 60305-2237

Unit 105

Value Estimation by Request

0.74 AC lot

7708 Madison St

RETAIL STORES (PERSONAL SERVICES)

7708 Madison St, River Forest, IL 60305-2102

Value Estimation by Request

0.04 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

7625 Vine St, River Forest, IL 60305-2151

Value Estimation by Request

1,900 sqft · 0.11 AC lot

1533 William St, Unit 2P

RESIDENTIAL PARKING GARAGE

1533 William St, River Forest, IL 60305-1152

Unit 2P

Value Estimation by Request

0.44 AC lot

RESIDENTIAL PARKING GARAGE

8141 Lk St, River Forest, IL 60305-1617

Value Estimation by Request

0.02 AC lot

RESIDENTIAL PARKING GARAGE

7348 Lk Stp1, River Forest, IL 60305-2257

Value Estimation by Request

0.19 AC lot

620 Ashland Ave

APARTMENT HOUSE (UNDER 5 UNITS)

620 Ashland Ave, River Forest, IL 60305-1808

$620,000

Estimated value

2,310 sqft · 0.18 AC lot

COMMERCIAL (GENERAL)

7226 Lk St, River Forest, IL 60305

Value Estimation by Request

0.13 AC lot

River Forest, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in River Forest, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 15,200 square feet of properties for sale, with an estimated market value of $3,350,000.

Sale prices for business properties in River Forest, IL start at $600,000, averaging $1,675,000, and reaching up to $2,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 11K

Population Growth (5Y) +3.8%

Median Household Income $148,711

High-Yield Neighborhoods for Investment

Identify River Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60305	$1.5M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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