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Retail Strip Center Near Oak Park
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7736-48 Madison Street, Forest Park, IL 60130

Retail strip center near public transit and downtown Oak Park.

Property Size12,000 SF
Lot Size0.43 Acres
Days on Market165

Property Features for 7736-48 Madison Street

General Information

Standard status Active
Size 12,000 SF
Lot size 0.43 Acres
Property subtype Retail

Building Details

Building Size 12,000 SF
Year Built 1976
Listing Agency: SVN Chicago Commercial
Listed By: Karen Kulczycki, CCIM, SIOR · License #IL #471020279
Source: Svn
Added: Mar 6 Changed: Aug 17 Last Checked: Aug 18 at 6:36AM

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 SVN Chicago Commercial

Investment Insights

Based on property information with market context.

The property at 7736-7748 Madison is a retail strip center located on the border of Forest Park and River Forest, Illinois. The building has 7 units and a total area of approximately 12,000 square feet, situated on 0.43 acres. Currently, the property is 63% leased. The location offers high visibility and ample parking for customers. The tenant mix includes food service, fitness, and medical services. Existing tenants include Original Steaks & Hoagies, Swing Away Golf, Elite Fitness, Papa John's Pizza, and Cardio-Med & Pain Center. The property is located approximately 10 miles west of downtown Chicago and has close ties to Oak Park. It is situated 1.5 miles southwest of the downtown Oak Park shopping and dining district and offers proximity to the Forest Park Blue Line "el" station, as well as easy access to I-290.

Key Highlights

  • Value‑add opportunity with 63% occupancy in a ±12,000 SF retail strip center.
  • Prime location at the border of Forest Park and River Forest, near Oak Park.
  • Easy access to transportation: Forest Park Blue Line 'el' station and I‑290.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Furniture & Home Goods Garden Center Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

826
Businesses Nearby
12k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
AutoZone Shops & Services
6,838 visits/mo 0.5 miles
Family Dollar Shops & Services
5,500 visits/mo 0.5 miles

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Retail strip center near public transit and downtown Oak Park.
Where is this strip mall located?
The property is located at 7736-48 Madison Street Forest Park, IL.
What are key features of this property?
This property features: Value‑add opportunity with **63% occupancy** in a ±12,000 SF retail strip center.; Prime location at the border of Forest Park and River Forest, near Oak Park.; Easy access to transportation: Forest Park Blue Line 'el' station and I‑290.
More about this property
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