7777 Lake St River Forest, IL 60305

This exceptional investment opportunity presents a 17,000-square-foot multi-tenant retail and office building situated on a 0.45-acre lot in the thriving village of River Forest, Illinois. The property, built in 1940 and boasting a C3 zoning classification, features a two-story structure with twenty units currently at 60% occupancy. The building offers a mix of retail and office spaces, with existing tenants including Edward Jones Investments and River Forest Dry Cleaners & Tailoring, among others. The property includes a full basement for ample storage. Conveniently located at 7777 Lake Street, this property benefits from high visibility and excellent access to public transportation, including proximity to the Harlem/Lake Green Line "el" station, the River Forest Metra station, and the Oak Park Metra station. Major roadways such as I-290, I-294, Illinois Route 43, and Illinois Route 64 are also easily accessible. The property is situated one mile west of River Forest's downtown shopping district and directly across from Lincoln Elementary School. The asking price is $2,750,000, and the property is offered as a NNN lease. On-site surface parking and abundant street parking are available. This value-add opportunity is further enhanced by its adjacency to two village-owned parcels currently for sale, presenting potential for future expansion or development. The property's location near two universities, Dominican and Concordia, with a combined student population of approximately 8,200, provides a strong and stable tenant base. The property's APN is 15-12-115-002-0000.