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7242 Roosevelt Rd Forest Park, IL 60130

For Sale
$385,000

Renovated mixed-use property with retail and residential units.

Building Details

Year built
1959

Source: CPG MANAGEMENT Agent SAMUEL PEREZ

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


Overview

Mixed-Use Investment Property For Sale

This renovated mixed-use investment property features three spacious one-bedroom, one-bathroom apartments on the second floor. The first floor retail space is occupied by a laundromat, which includes an office space in the rear, and is in its fifth year of a five-year lease. The property is conveniently located near Jewel, Walmart, and the Forest Park Shopping Plaza. Maple Park is also a few blocks away. Transportation options include proximity to the Forest Park Blue Line, I-290, and several bus routes. The laundromat features emergency lighting and exit signs. The property has electric power at 400 amps and plumbing upgrades. The building is fully occupied and well-kept, presenting a great investment opportunity.
Insight Report Location Intelligence

Current Use by Public Records

Isalis Women'S Clothing Store Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

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
-87.8144
Latitude
41.8677

FAQs

What type of property is this?
Mixed-use property - Renovated mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 7242 Roosevelt Rd Forest Park, IL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: - Fully Occupied Mixed-Use Property: Immediate passive cash flow from a laundromat and three apartments.; - Renovated Apartments: Three spacious 1BR/1BA apartments on the 2nd floor.; - Stable Commercial Tenant: Laundromat in its 5th year of a 5-year lease, providing consistent income.
More about this property
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