Spaces For Lease

at 7231 Lake St Contact us

Lake St & Harlem Ave

Floor

1

Size

4,042 SF

Type

RETAIL

Rate

Contact for pricing

Availability

PENDING, Now

Sublease

No

- Approximately 1 mile north of the eisenhower/harlem avenue interchange - Located... near the cta green line with an annual ridership of ± 550,000 - Located near the metra station with a annual ridership of ± 350,000 - Three new high rise residential projects planned within three blocks, adding 600 residential units to the market

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Contact us

Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace j***@midamericagrp.com Show Phone

Listed By: Elizabeth Sweeney

Source: Moodyscre

Added: May 20, 2024 Changed: Aug 8 Last Checked: Aug 11 at 11:14AM

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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 Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

This retail space, encompassing 4,042 square feet, is situated approximately one mile north of the Eisenhower/Harlem Avenue interchange. The property benefits from its proximity to the CTA Green Line, which records an annual ridership of approximately 550,000. Additionally, it is located near a Metra station with an annual ridership of approximately 350,000. The area is anticipated to experience further residential development with three new high-rise residential projects planned within three blocks, adding 600 residential units to the market.

Key Highlights

• Three new high‑rise residential projects planned within three blocks, adding 600 residential units.
• Located near the CTA Green Line with an annual ridership of ± 550,000.
• Located near the Metra station with an annual ridership of ± 350,000.

Property Analytics

Property Profile

Current Use

Benefit Cosmetics BrowBar Hair Salon Ulta Beauty Hair Salon

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Auto Repair Shop Grocery & Convenience Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

4,015

Businesses Nearby

475k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 34% Dining 26% Shops & Services 21% Apparel 8%

Jewel-Osco Groceries

61,712 visits/mo 0.4 miles

Whole Foods Market Groceries

47,250 visits/mo 0.1 miles

Target Superstores

34,491 visits/mo 0.1 miles

McDonald's Dining

30,172 visits/mo 0.2 miles

Aldi Groceries

22,664 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space near CTA and Metra stations with planned residential growth.

Where is this retail space located?

The property is located at 7231 Lake St River Forest, IL.

What are key features of this property?

This property features: Three new high‑rise residential projects planned within three blocks, adding 600 residential units.; Located near the CTA Green Line with an annual ridership of ± 550,000.; Located near the Metra station with an annual ridership of ± 350,000.