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    7624 Madison St Forest Park, IL 60130

    For Lease
    $32 SF/Yr ($8,131 /Mo)

    Commercial Lease - Forest Park, IL

    Lot size:
    0.07 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 7624 Madison St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    1
    Flooring type
    Concrete
    Architectural style
    Other

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

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

    Listing date Sep 18, 2025

    MLS# 12439135 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

    Renovated Retail/Office Space Available

    This highly walkable retail/office space benefits from abundant natural light due to newly installed windows. The property was fully renovated in 2019 and includes two private offices, a spacious conference room, a kitchenette, and two private bathrooms. Additional upgrades feature a new roof, HVAC system, and stained concrete flooring throughout the space, with the exception of the two offices. Parking spaces are available in the rear. Situated on Madison Street, the location experiences high foot and vehicle traffic, making it suitable for retail or office use. The property is located near local shopping, dining, and transportation options in Forest Park, Illinois.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -88.1346333
    Latitude
    41.5357856

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    FAQs

    What type of property is this?
    Retail space - Recently renovated retail/office space with high traffic and natural light.
    Where is this retail space located?
    The property is located at 7624 Madison St Forest Park, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Highly walkable location on Madison Street with high foot and vehicle traffic.; - Fully renovated in 2019 with new roof, HVAC, and windows.; - Abundance of natural light.
    (773) 622-4663
    Request Owner's contact information
    7624 Madison St Forest Park, IL 60130
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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
    7624 Madison St Forest Park, IL 60130
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