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Second-Floor Office Unit
For Lease
$22 SF/Yr

7401 Madison St Unit 3, Forest Park, IL 60130

Professional workspace with shared restrooms and nearby public parking.

Space SizeContact for details
Days on Market37

Property Features for 7401 Madison St Unit 3

General Information

Standard status Active

Space & Availability

Floor 2
Space Use Office

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Year Built 1920
Listing Agency: @properties Christie's International Real Estate
Listed By: Arrick Pelton
Source: Realtopiare
Added: Jul 27 Changed: Aug 27 Last Checked: Aug 30 at 8:58PM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

Office Unit 3 occupies the second floor of a building constructed in 1920 and is the third-largest of four available office units. The suite matches the size of Unit 4, while two bathrooms are available for shared use on the floor.

The property is located on Madison Street within Forest Park’s Central Business District. On-street parking and village parking lots serve the area, with shopping and restaurants nearby. Access to the I-290 Expressway and the Blue Line adds transportation connectivity for office users and visitors.

Key Highlights

  • Third‑largest of four available office units
  • Second‑floor office space with two common bathrooms
  • Same size as Unit 4

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Food Market Law Firm Accounting Firm Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

867
Businesses Nearby

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

Lease Benchmarks for Forest Park, IL

$19.85 /SF/Yr
Avg Asking Price
$11–$39 /SF/Yr
Price Range
5,389 SF
Avg Space Size

This space is priced 11% above the average of $19.85 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Professional workspace with shared restrooms and nearby public parking.
Where is this office units located?
The property is located at 7401 Madison St Unit 3 Forest Park, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Third‑largest of four available office units; Second‑floor office space with two common bathrooms; Same size as Unit 4
More about this property
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