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    7231 Lake St River Forest, IL 60305

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    For Lease
    Contact for pricing

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

    Property size:
    4,042 SF
    Lot size:
    0.12 Acres

    Property Features for 7231 Lake St

    General Information

    Size
    4,042 SF
    Lot size
    0.12 Acres

    Source: Mid-America Real Estate Group Agent Elizabeth Sweeney

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

    Overview

    Retail Space Near Transportation Hubs

    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.
    Location Intelligence

    Current Use by Public Records

    Benefit Cosmetics BrowBar Beauty Salon Ulta Beauty Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    River Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.8054966
    Latitude
    41.8883276

    Nearby Similar for Lease

    • $18 SF/Yr
      17,000 SF

      River Forest Office & Retail Suites

      Prime location, multiple suites available
      7777 Lake St, River Forest, IL 60305
      View Details

    FAQs

    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.
    (630) 954-7300
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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
    7231 Lake St River Forest, IL 60305
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