7349 Madison St Unit G, Forest Park, IL 60130
Ground-level retail with finished basement, separate HVAC, and convenient parking in Forest Park’s downtown district.
- Added:
- Jun 5, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 9:43 am
Property Features for 7349 Madison St Unit G
General Information
- Standard status
- Active
- Size
- 4,580 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1915
Listing agent Oscar Estrada License #NRDS 377512759
Listing office eXp Realty
Listing date Jun 5, 2026
Source Crexi
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HighLights
- 1915‑built ground‑level retail property with 4,580 SF of storefront and a finished basement area
- Mixed‑use Downtown Business District (DBD) location with allowed uses including retail, restaurants, bars, cafes, offices, and upper‑floor residential
- Separate zoned heating and cooling systems for the ground level and basement
- Ground level features hardwood floors, bathroom, kitchen, and high ceilings with lots of storage
- Lower level includes a bathroom, utility room, and additional storage
- Ample street and village parking, with easy access to expressway and public transportation (including train)
Overview
The property is positioned in a mixed-use, pedestrian-oriented Downtown Business District (DBD). The remarks note ample street and village parking nearby, with the surrounding area including dining, shopping, and entertainment options. Easy access to the expressway and public transportation, including train service, is also highlighted.
This configuration can be a practical fit for an operator seeking a street-facing retail presence with dedicated basement space and multiple restrooms, while retaining the advantage of separate zoned HVAC. The DBD permitted mix of retail, restaurants, bars, cafés, upper-floor residential, office use, boutique commercial, and mixed-use buildings may align with a range of small-format and multi-level concepts, subject to final confirmation of requirements.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Will
- State
- Illinois
- Longitude
- -87.8144
- Latitude
- 41.8677
