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    7736-48 Madison St Forest Park, IL 60130

    For Sale
    Contact for pricing

    12,000 SF retail strip center near downtown Oak Park.

    Property size:
    12,000 SF

    Property Features for 7736-48 Madison St

    General Information

    Size
    12,000 SF

    Building Details

    Year built
    1976

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Center Near Oak Park

    The property at 7736-7748 Madison is a retail strip center located on the border of Forest Park and River Forest. The property is a ±12,000 SF 7-unit retail strip center on 0.43 acres. The property is 74% leased and offers a value-add opportunity. The location provides high visibility and ample parking for customers. The tenant mix includes food service, fitness, and medical tenants. The property is located approximately 10 miles west of downtown Chicago and has close ties to the larger neighboring community of Oak Park. It is situated 1.5 miles southwest of the downtown Oak Park shopping and dining district and offers proximity to the Forest Park Blue Line "el" station, as well as easy access to I-290. Existing tenants include Elite Fitness, Papa John's Pizza, and Cardio-Med & Pain Center.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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?
    Strip mall - 12,000 SF retail strip center near downtown Oak Park.
    Where is this strip mall located?
    The property is located at 7736-48 Madison St Forest Park, IL.
    What are key features of this property?
    This property features: - Value-add opportunity with 74% leased retail strip center.; - Prime location at the border of Forest Park and River Forest, near downtown Oak Park.; - Proximity to the Forest Park Blue Line 'el' station and easy access to I-290.
    (630) 330-3352
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    7736-48 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
    7736-48 Madison St Forest Park, IL 60130
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