Retail Storefront in Business District

7349 Madison Street #G, Forest Park, IL 60130

View on Map

For Sale

$550,000

4580 SF retail storefront with finished basement in downtown.

Type:Commercial

Property size:

4,580 SF

Price / SF:

$120/SF

HighLights

Prime location in a downtown business district on Madison Street.
Large 4580 sqft store front with finished basement.
Separately zoned heating and cooling.
Ground level features hardwood floors, bathroom, kitchen, high ceilings, and ample storage.
Ample street and village parking available.
Easy access to expressway, public transportation, and train.

We can help!

Listing Contact

LINDA MCCROY

Learn more

For Sale

$550,000

4580 SF retail storefront with finished basement in downtown.

Type:Commercial

Property size:

4,580 SF

Price / SF:

$120/SF

Added:: Mar 19, 2025
Days on Market:: 451
Last Refresh:: Apr 5 at 9:11 pm

Property Features for 7349 Madison Street #G

General Information

Standard status: Active
Size: 4,580 SF
Property subtype: Commercial

Building Details

Year Built: 1915

We can help!

Listing Contact

LINDA MCCROY

Listing agent LINDA MCCROY License #475126749

Listing office COLDWELL BANKER REALTY

Listing date Mar 19, 2025

Source Corcoran

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 COLDWELL BANKER REALTY

HighLights

Prime location in a downtown business district on Madison Street.
Large 4580 sqft store front with finished basement.
Separately zoned heating and cooling.
Ground level features hardwood floors, bathroom, kitchen, high ceilings, and ample storage.
Ample street and village parking available.
Easy access to expressway, public transportation, and train.

Overview

This 4580 square foot storefront property is located on Madison Street in the downtown business district. Currently used as a retail store, the property includes a finished basement area. The ground level features hardwood floors, a bathroom, a kitchen, high ceilings, and storage space. The lower level also has a bathroom, a utility room, and additional storage. The property has separately zoned heating and cooling. It benefits from ample street and village parking and is surrounded by a variety of dining, shopping, and entertainment options. The location provides easy access to the expressway, public transportation, and the train. This property offers many possibilities for business use.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$68.7k	$15.00
− Vacancy	−$5.2k	−$1.13
EGI	$63.5k	$13.88
− OpEx	−$19.1k	−$4.16
NOI	$44.5k	$9.71

4,580 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$635.5K

$556.0K – $741.4K (±1% cap)

NOI $44,483 @ 7.0% cap · market cap 8.09%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,531 @ 7.0% cap · market cap 17.19%

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

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Forest Park
County: Will
State: Illinois
Longitude: -88.1352
Latitude: 41.5362

Nearby Similar for Sale

$595,000

Retail Storefront with Finished Basement

Retail storefront plus finished basement offers high-ceiling interior space with separate heating and cooling.

7349 Madison Street, Forest Park, IL 60130

View Details
$780,000

8,129 SF

Industrial Flex Property with Yard

8,129 SF industrial flex property with 35-space parking yard.

7405-7417 Roosevelt Rd, Forest Park, IL 60130

View Details
$360,000

3,000 SF

Prime Commercial Space in Forest Park

Versatile mixed-use commercial property in a high-traffic location.

7441 Madison Street, Forest Park, IL 60130

View Details
$525,000

Renovated Two-Building Multi-Family

Two fully renovated homes on one lot with smart features and basements, offering flexible living or investment use.

938 Ferdinand Avenue, Forest Park, IL 60130

View Details
$499,900

Preserved Brick 2-Flat Bungalow

1921 brick two-flat with original woodwork, hardwood floors, and a full basement for storage and future flexibility.

7205 JACKSON Boulevard, Forest Park, IL 60130

View Details
$590,000

3,014 SF

Victorian Multi-Family in Forest Park

Two-unit property on an oversized lot near downtown Forest Park.

7415 Dixon Street, Forest Park, IL 60130

View Details
$780,000

8,129 SF

Industrial Flex Property with Yard

8,129 SF industrial flex property with 35-space parking yard.

7405-7417 Roosevelt Rd, Forest Park, IL 60130

View Details
Contact for pricing
12,000 SF

Retail Strip Center Near Oak Park

Retail strip center near public transit and downtown Oak Park.

7736-48 Madison Street, Forest Park, IL 60130

View Details
$3,400,000

45,000 SF

Forest Park Industrial Building For Sale

45,000 SF industrial building with diverse tenant mix.

1401 S Circle Avenue, Forest Park, IL 60130

View Details
$695,000

Madison Street Mixed-Use Building

Mixed-use building with restaurant, bar, and apartments in Forest Park.

7353 Madison Street, Forest Park, IL 60130

View Details
Contact for pricing
12,000 SF

Retail Strip Center Near Oak Park

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

7736-48 Madison Street, Forest Park, IL 60130

View Details
Contact for pricing
12,000 SF

Retail Strip Center For Sale

Retail strip center with diverse tenants in prime location.

7736-7748 Madison St, Forest Park, IL

View Details

For sale
Storefront properties
IL
Forest Park
60130
7349 Madison Street #G

What type of property is this?

Storefront property - 4580 SF retail storefront with finished basement in downtown.

Where is this storefront property located?

The property is located at 7349 Madison Street #G Forest Park, IL.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Prime location in a downtown business district on Madison Street.; Large 4580 sqft store front with finished basement.; Separately zoned heating and cooling.