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    7777 Lake St River Forest, IL 60305

    Sponsored
    Source: https://svn.com
    For Sale
    $2,750,000

    River Forest Retail/Office Suites For Sale

    Property size:
    12,000 SF

    Description

    Added:
    May 16, 2025
    Days on Market:
    235
    SVN Chicago Commercial is pleased to present 7777 Lake Street in River Forest, a ±24,516 SF Retail and Office building on 0.45 Acres with full basement for storage. This property is value-add with 62.5% occupied with 20 total units. Current retail tenants include Edward Jones Investments, River Forest Dry Cleaners & Tailoring, and various office users.

    River Forest is a village in Cook County approximately 11 miles west of downtown Chicago and with close ties to the larger neighboring community of Oak Park. The city is home to two universities, Dominican and Concordia University, with a combined student population of approximately 8,200. This property is located one mile west of the downtown River Forest shopping district and is immediately across the street from Lincoln Elementary School. The location has close proximity to the Harlem/Lake Green Line "el" station, the River Forest Metra station, and the Oak Park Metra station, as well as easy access to major roadways including I-290, I-294, Illinois Route 43, and Illinois Route 64.

    Property Features for 7777 Lake St

    General Information

    Property type
    Office buildings
    Square Feet
    12,000 SF
    Price / Square Foot
    $229
    Elevators
    N/A

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1

    HighLights

    • Retail and Office Building on 0.45 AC High Visibility | Value‑add | 62.5% Occupied On‑site surface parking lot & abundant street parking Adjacent to two land parcels being offered for sale by the village of River Forest Close proximity to the Harlem/Lake Green Line "EL" station, the River Forest Metra station, and the Oak Park Metra station Easy access to I‑290, I‑294, Illinois Route 43, and Illinois Route 64
    Location Intelligence

    Current Use by Public Records

    Icap Alcoholism Treatment Program Soppet Stephen E ... Dentist Lee Clara w ... Dentist BEactive bodyTherapies Massage Therapist Frank Aievoli American ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    River Forest
    State
    Illinois
    Longitude
    -87.8055
    Latitude
    41.8885732

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    Nearby Similar for Sale

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      River Forest Condo with Modern Amenities

      Condo in River Forest with open layout and modern features.
      409 Lathrop Ave, River Forest, IL 60305
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    • $135,000
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      River Forest Condo with Updates

      East-facing 2 bed, 1 bath condo with updated kitchen.
      7212 Oak Ave, River Forest, IL 60305
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    • $2,750,000
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      River Forest Multi-Tenant Property

      17,000 SF Retail/Office, Value-Add Opportunity
      7777 Lake St, River Forest, IL 60305
      View Details

    FAQs

    What type of property is this?
    Office building - River Forest Retail/Office Suites For Sale
    Where is this office building located?
    The property is located at 7777 Lake St River Forest, IL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Retail and Office Building on 0.45 AC High Visibility | Value-add | 62.5% Occupied On-site surface parking lot & abundant street parking Adjacent to two land parcels being offered for sale by the village of River Forest Close proximity to the Harlem/Lake Green Line "EL" station, the River Forest Metra station, and the Oak Park Metra station Easy access to I-290, I-294, Illinois Route 43, and Illinois Route 64
    (630) 330-3352
    Request Owner's contact information
    7777 Lake St River Forest, IL 60305
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    River Forest, IL 60305
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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
    7777 Lake St River Forest, IL 60305
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