High-Visibility Retail
7441 Madison St Forest Park, IL
For Sale
$360,000
Built-out storefront on a major corridor with expansive windows, front dining/retail area, and private parking.
Property Size3,000 SF
Price / SF$120
Days on Market336
Property Features for 7441 Madison St
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing Agency:
Beaulieu Real Estate
(312) 834-6577
Listed By:
Sonia Briseno · License #475211817
(312) 834-6577
Source:
Exprealty
Added: Aug 23, 2025
Changed: Jul 23
Last Checked: Jul 23 at 7:51AM
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 mixed-use commercial storefront offers a fully built-out layout with expansive storefront windows that provide street exposure and natural light. The space is configured with a welcoming front dining or retail area, a central section with a full bathroom suited for office use, and a rear area that can support storage, a small workshop, or additional service or retail use.
Located at 7441 Madison St in the heart of Forest Park, the property sits along the Madison Street commercial corridor and is positioned for pedestrian and drive-by visibility. A designated private parking space and convenient rear delivery access support everyday customer activity and operations.
The property is described as having flexible zoning that accommodates restaurants, retail, or mixed commercial use. Approximately 3,000 square feet of highly visible space is available.
Located at 7441 Madison St in the heart of Forest Park, the property sits along the Madison Street commercial corridor and is positioned for pedestrian and drive-by visibility. A designated private parking space and convenient rear delivery access support everyday customer activity and operations.
The property is described as having flexible zoning that accommodates restaurants, retail, or mixed commercial use. Approximately 3,000 square feet of highly visible space is available.
Key Highlights
- Approx. 3,000 sq. ft. highly visible mixed‑use commercial space on Madison Street corridor in Forest Park
- Built‑out layout with front dining/retail area plus central space with a full bathroom for office use
- Rear area suited for storage, a small workshop, or additional service/retail use
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
Specialty Retail
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 9.87%
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
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FAQs
What type of property is this?
Storefront property - Built-out storefront on a major corridor with expansive windows, front dining/retail area, and private parking.
Where is this storefront property located?
The property is located at 7441 Madison St 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 mixed‑use commercial space on Madison Street corridor in Forest Park; Built‑out layout with front dining/retail area plus central space with a full bathroom for office use; Rear area suited for storage, a small workshop, or additional service/retail use
