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    408 Thomas Ave Forest Park, IL 60130

    For Lease
    $52 SF/Yr

    Neighborhood Storefront - Forest Park, IL

    Days on Market:
    101
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 408 Thomas Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Number of units
    1
    Flooring type
    Wood
    Architectural style
    Other

    Avenue One Realty Group (773) 622-4663 [email protected]

    Listing agent William Pileggi (773) 622-4663 License #475164218

    Listing date Sep 5, 2025

    MLS# 12464346 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Forest Park Storefront on Main

    This storefront property is situated in a prime location on Forest Park's main street, offering high traffic and exposure along Madison Street. The interior and exterior of the property are meticulously maintained. The space includes one bathroom and 320 square feet of basement storage. The zoning is RTAIL, allowing for retail use. The tenant is responsible for heat and electric utilities, plus a $25 monthly contribution toward the water bill. This location presents a great opportunity for a new business.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Fairy Godmothers, Good Earth Greenhouse LLC, Sun Perennials, EcoWilde Flower Co.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Will
    State
    Illinois
    Longitude
    -87.8144
    Latitude
    41.8677

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    FAQs

    What type of property is this?
    Storefront property - Storefront in central Forest Park with high traffic exposure.
    Where is this storefront property located?
    The property is located at 408 Thomas Ave Forest Park, IL.
    What is the lease rate?
    The lease rate is $52 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Forest Park's Main Street (Madison Street) with high traffic and exposure.; - Meticulously maintained interior and exterior.; - Includes 320 sqft of basement storage.
    (773) 622-4663
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    408 Thomas Ave Forest Park, IL 60130
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 Thomas Ave Forest Park, IL 60130
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