Retail Strip Center with 7
For Sale
Contact for pricing
7736-7748 Madison St, Forest Park, IL 60130
12,000 SF retail strip center with 7 units, 90% leased occupancy, and ample parking for customers.
Property Size12,000 SF
Lot Size0.43 Acres
Price / SF$133.33
Days on Market587
Property Features for 7736-7748 Madison St
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.43 Acres
Property subtype
RETAIL
Occupancy
90%
Building Details
Tenancy
Multi
Listing Agency:
SVN | Chicago - Corporate
(312) 676-1866
Listed By:
Karen Kulczycki, CCIM
(630) 330-3352
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Oct 27
Last Checked: Oct 30 at 6:03PM
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 SVN | Chicago - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 7736–7748 Madison St in Forest Park, IL, this 12,000 SF retail strip center sits on 0.43 acres and is configured with 7 units. The property is currently approximately 90% leased, supporting an established tenant mix.
The center is positioned at the Forest Park/River Forest border, about 1.5 miles southwest of downtown Oak Park. Public remarks note high visibility and ample customer parking, which can support consistent customer access for a range of storefront needs.
Tenancy across the strip includes food service, fitness, medical, spa, and a retail garden center.
The center is positioned at the Forest Park/River Forest border, about 1.5 miles southwest of downtown Oak Park. Public remarks note high visibility and ample customer parking, which can support consistent customer access for a range of storefront needs.
Tenancy across the strip includes food service, fitness, medical, spa, and a retail garden center.
Key Highlights
- 12,000 SF retail strip center on 0.43 AC with 7 units
- 90% leased occupancy with 7 units
- Located at the Forest Park/River Forest border, about 1.5 miles SW of downtown Oak Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,550
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,000
$2.3M
Cap Rate 7%
$1,665,000
$1.7M
Cap Rate 9%
$1,295,000
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$180.0K $15.00/SF
− Vacancy
−$13.5K −$1.13/SF
EGI
$166.5K $13.88/SF
− OpEx
−$50.0K −$4.16/SF
NOI
$116.6K $9.71/SF
Area
Joliet, IL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,000
Cap Rate 7%
$1,665,000
Cap Rate 9%
$1,295,000
Alternative Uses
Best Use
Retail
$1.66M
$1.46M – $1.94M
NOI $116,550 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,680 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
284k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Dining 23%
Shops & Services 17%
Apparel 1%
Walmart
Superstores
165,840 visits/mo
0.4 miles
Portillo's
Dining
54,946 visits/mo
0.2 miles
Dollar Tree
Shops & Services
25,090 visits/mo
0.1 miles
Taco Bell
Dining
11,393 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,328 visits/mo
0.2 miles
Demographics for 60130, IL
14,346
Population
7,777
Households
1.8
Avg Household Size
42
Median Age
50%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
5,124
Density / Sq Mi
$81,323
Median Household Income
$61,518
Median Earnings
$1,352
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - 12,000 SF retail strip center with 7 units, 90% leased occupancy, and ample parking for customers.
Where is this strip mall located?
The property is located at 7736-7748 Madison St Forest Park, IL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12,000 SF retail strip center on 0.43 AC with 7 units; 90% leased occupancy with 7 units; Located at the Forest Park/River Forest border, about 1.5 miles SW of downtown Oak Park
