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    7441 Madison St Forest Park, IL 60130

    For Sale
    $450,000

    Mixed Use - Forest Park, IL

    Type:Mixed Use
    Days on Market:
    15
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 7441 Madison St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    15124310400000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1931
    Number of units
    1
    Architectural style
    Other

    Beaulieu Real Estate (773) 282-7979 [email protected]

    Listing agent Sonia Briseno (773) 282-7979 License #475211817

    Listing date Nov 29, 2025

    MLS# 12453771 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

    Prime Mixed-Use Commercial Space

    Located in the heart of Forest Park's vibrant Madison Street corridor, this mixed-use commercial property offers approximately 3,000 sq. ft. of highly visible space. The property features expansive storefront windows that flood the interior with natural light and showcase street exposure, attracting foot and drive-by traffic. The layout includes a front dining or retail area, a central section with a full bathroom suitable for office space, and a rear area ideal for storage, a small workshop, or additional service or retail use. It also features a designated private parking space and convenient rear delivery access. The flexible zoning accommodates restaurants, retail, or mixed commercial use. Set in a lively corridor of shops, dining, and new developments, this location offers strong demographics, reliable pedestrian flow, and easy transit connections. This property is located in Forest Park, Illinois, in Cook County. It is suitable for entrepreneurs, investors, or business owners looking to establish a lasting presence.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Will
    State
    Illinois
    Longitude
    -88.1351928
    Latitude
    41.5362364

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property in Forest Park's vibrant Madison Street corridor.
    Where is this mixed-use property located?
    The property is located at 7441 Madison St Forest Park, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime location in Forest Park's Madison Street corridor with high foot and drive-by traffic.; - Versatile mixed-use commercial property with approx. 3,000 sq. ft. of space.; - Flexible zoning suitable for restaurants, retail, or mixed commercial use.
    (773) 282-7979
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    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
    7441 Madison St Forest Park, IL 60130
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