High-Visibility Retail Office
7441 Madison Street Forest Park, IL 60130
New
For Sale
$360,000
Pending
Turnkey mixed-use storefront includes front retail/dining area, central office layout, and rear storage or workshop space.
Property Size3,000 SF
Days on Market7
Property Features for 7441 Madison Street
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing Agency:
BEAULIEU REAL ESTATE
(773) 282-7979
Listed By:
SONIA BRISENO · License #475211817
Source:
Corcoran
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 4:17AM
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 BEAULIEU REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale storefront property offers approximately 3,000 square feet of highly visible, mixed-use space with a fully built-out interior layout. The front portion is configured as a welcoming dining or retail area, followed by a central section suited for office use. The rear area is designed for flexibility, including storage, a small workshop, or additional service or retail use. The property is listed as-is.
The building provides expansive storefront windows and street exposure for both pedestrian and drive-by visibility. It also includes a designated private parking space and convenient rear delivery access.
The property is positioned on a lively commercial corridor with shops, dining, and new developments. The public remarks indicate flexible zoning accommodating restaurants, retail, or mixed commercial use, making the space adaptable for multiple operating concepts.
The building provides expansive storefront windows and street exposure for both pedestrian and drive-by visibility. It also includes a designated private parking space and convenient rear delivery access.
The property is positioned on a lively commercial corridor with shops, dining, and new developments. The public remarks indicate flexible zoning accommodating restaurants, retail, or mixed commercial use, making the space adaptable for multiple operating concepts.
Key Highlights
- Approx. 3,000 sq. ft. highly visible storefront on Forest Park’s commercial corridor
- Built‑out mixed‑use layout with front dining/retail area, central office section, and rear storage/workshop area
- Expansive storefront windows for natural light and street exposure
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 | $45.0k | $15.00 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $41.6k | $13.88 |
| − OpEx | −$12.5k | −$4.16 |
| NOI | $29.1k | $9.71 |
3,000 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 12.60%
Second Best
Retail
$416.2K
$364.2K – $485.6K
NOI $29,137 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Turnkey mixed-use storefront includes front retail/dining area, central office layout, and rear storage or workshop space.
Where is this storefront property located?
The property is located at 7441 Madison Street Forest Park, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Approx. 3,000 sq. ft. highly visible storefront on Forest Park’s commercial corridor; Built‑out mixed‑use layout with front dining/retail area, central office section, and rear storage/workshop area; Expansive storefront windows for natural light and street exposure
