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Retail Storefront in Business District

7349 Madison Street #G, Forest Park, IL 60130

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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

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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.