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Second-Floor Office Unit
For Lease
$22 SF/Yr

1-7401 Madison St, Forest Park, IL

Office space includes shared restroom access with on-street and village parking nearby.

Space SizeContact for details
Days on Market209

Property Features for 1-7401 Madison St

General Information

Standard status Active
Listing Agency: @properties Christie's International Real Estate
Listed By: Arrick Pelton
Source: Exprealty
Added: Feb 4 Changed: Aug 31 Last Checked: Aug 30 at 8:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This second-floor office unit is part of a four-unit office offering and is identified as the largest available space in the group. Two bathrooms serve the floor on a common-use basis. The space is currently occupied, with the existing lease scheduled to end on February 28, 2026.

The property is situated on Madison Street within Forest Park’s Central Business District. On-street parking and village parking lots are available nearby, with shopping and restaurants in the surrounding area. Access to the I-290 Expressway and the Blue Line adds regional transportation connectivity.

Key Highlights

  • Largest of 4 office units offered
  • Second‑floor location in Forest Park’s Central Business District
  • Two common‑use bathrooms on the floor

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Gym & Fitness Center Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,333
Businesses Nearby

Market

Lease Benchmarks for Forest Park, IL

$19.85 /SF/Yr
Avg Asking Price
$11–$39 /SF/Yr
Price Range
5,389 SF
Avg Space Size

This space is priced 11% above the average of $19.85 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space includes shared restroom access with on-street and village parking nearby.
Where is this office units located?
The property is located at 1-7401 Madison St Forest Park, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Largest of 4 office units offered; Second‑floor location in Forest Park’s Central Business District; Two common‑use bathrooms on the floor
More about this property
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