Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space at Forest Park Plaza Title is generated by Realmo AI

    7600-7630 W Roosevelt Road, Forest Park, IL 60130

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail spaces available at signalized intersection near Living Fresh Market.

    Type:Retail
    Property size:
    254,433 SF
    Added:
    Nov 21, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 10:45 pm

    Property Features for 7600-7630 W Roosevelt Road

    General Information

    Standard status
    Active
    Size
    254,433 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1983

    Properties For Sale

    at 7600-7630 W Roosevelt Road Contact us

    We can help!

    Listing Contact
    Dan Hiffman
    Dan Hiffman

    Listing agent Dan Hiffman License #475132209

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Hiffman | Oakbrook Terrace

    HighLights

    • High‑traffic location at a signalized intersection of Roosevelt Road and Desplaines Avenue, providing excellent ingress and egress.
    • Anchor tenant: Located adjacent to Living Fresh Market.
    • Large retail spaces available: 96,027 SF former HOBO space and a 3,800 SF space.
    • Proximity to major transportation: Minutes from I‑290 at Harlem Avenue.
    • Significant customer base: Home to Living Word Christian Church with ±18,000 Sunday attendance.
    • Development potential: Two out lots available for a maximum build of 6,000 SF.

    Overview

    Retail spaces are available for lease at Forest Park Plaza, including a 3,800 RSF space and a 96,027 RSF former HOBO space. The property is located at the southeast corner of Roosevelt Road and Desplaines Avenue in Forest Park. A signalized intersection provides excellent ingress and egress to the center. There are also two out lots available for a maximum build of 6,000 SF. The property is located adjacent to Living Fresh Market and is home to Living Word Christian Church, which has an estimated attendance of 18,000 people on a typical Sunday. The location is also minutes from I-290 at Harlem Avenue. The property size is 254,433 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Forest Park Plaza — 7600 Roosevelt Rd, Forest Park, IL 60130
    • Forest Park Village Center — 7600 Roosevelt Rd # 1, Forest Park, IL 60130

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Will
    State
    Illinois
    Longitude
    -87.8144
    Latitude
    41.8677

    Nearby Similar for Sale

    • $595,000
      4,580 SF

      Retail Storefront on Madison Street

      Retail storefront in downtown business district with finished basement.
      7349 Madison Street, Forest Park, IL 60130
      View Details
    • $360,000
      3,000 SF

      Prime Commercial Space in Forest Park

      Versatile mixed-use commercial property in a high-traffic location.
      7441 Madison Street, Forest Park, IL 60130
      View Details
    • $780,000
      8,129 SF

      Industrial Flex Property with Yard

      8,129 SF industrial flex property with 35-space parking yard.
      7405-7417 Roosevelt Rd, Forest Park, IL 60130
      View Details
    • $549,000

      Unique Multi-Family Investment Opportunity

      Two-flat with coach house near Forest Park's Madison Street.
      7625 Monroe Street, Forest Park, IL 60130
      View Details
    • $590,000
      3,014 SF

      Victorian Multi-Family in Forest Park

      Two-unit property on an oversized lot near downtown Forest Park.
      7415 Dixon Street, Forest Park, IL 60130
      View Details
    • $599,000
      5,624 SF

      Retail Building on Roosevelt Road

      High-exposure retail building suitable for automotive or retail businesses.
      7213 W. Roosevelt Rd., Forest Park, IL 60130
      View Details
    • $780,000
      8,129 SF

      Industrial Flex Property with Yard

      8,129 SF industrial flex property with 35-space parking yard.
      7405-7417 Roosevelt Rd, Forest Park, IL 60130
      View Details
    • $519,900

      Charming 1921 Forest Park Bungalow

      Classic 1921 brick 2-flat bungalow in the heart of Forest Park.
      7205 JACKSON Boulevard, Forest Park, IL 60130
      View Details
    • Contact for pricing
      12,000 SF

      Retail Strip Center Near Oak Park

      Retail strip center near public transit and downtown Oak Park.
      7736-48 Madison Street, Forest Park, IL 60130
      View Details
    • $3,500,000
      45,000 SF

      Forest Park Industrial Building For Sale

      45,000 SF industrial building with diverse tenant mix.
      1401 S Circle Avenue, Forest Park, IL 60130
      View Details
    • Contact for pricing
      12,000 SF

      Retail Strip Center Near Oak Park

      12,000 SF retail strip center near downtown Oak Park.
      7736-48 Madison Street, Forest Park, IL 60130
      View Details
    • $550,000
      4,580 SF

      Retail Storefront in Business District

      4580 SF retail storefront with finished basement in downtown.
      7349 Madison Street #G, Forest Park, IL 60130
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available at signalized intersection near Living Fresh Market.
    Where is this shopping center located?
    The property is located at 7600-7630 W Roosevelt Road Forest Park, IL.
    What are key features of this property?
    This property features: High‑traffic location at a signalized intersection of Roosevelt Road and Desplaines Avenue, providing excellent ingress and egress.; Anchor tenant: Located adjacent to Living Fresh Market.; Large retail spaces available: **96,027 SF former HOBO space and a 3,800 SF space.**
    (630) 693-0655
    We can help!
    Listing Contact
    Dan Hiffman
    Dan Hiffman
    Real Estate License ID: 475132209
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7600-7630 W Roosevelt Road, Forest Park, IL 60130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!