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7777 Lake St River Forest, IL 60305

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For Sale
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17,000 SF Retail/Office, Value-Add Opportunity

Property size:
17,000 SF

Property Features for 7777 Lake St

General Information

Property type
Individual retail properties
Square Feet
17,000 SF
Class
C
Lot Size
19,602 SF

Building Details

Year Built
1940
Buildings
1
Stories
2
Units
20

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Listing Contact
Olivia Wirth
Olivia Wirth

Listing Agent: Olivia Wirth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Icap Social Service Agency Soppet Stephen E ... Dental Office Lee Clara w ... Dental Office BEactive bodyTherapies Alternative Medicine Practice Frank Aievoli American ... Insurance Agency

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
River Forest
County
Cook
State
Illinois
Longitude
-87.818999384686
Latitude
41.888269677672

FAQs

What type of property is this?
Individual retail property - 17,000 SF Retail/Office, Value-Add Opportunity
Where is this individual retail property located?
The property is located at 7777 Lake St River Forest, IL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 17,000 SF retail/office building on 0.45-acre lot.; High-visibility, value-add opportunity; 60% occupancy.; Ample on-site and street parking.
(312) 770-0119 Call to check price and availability
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