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    7736 Madison St Forest Park, IL 60130

    For Sale
    $1,800,000

    Fully Leased, 7-Unit Strip Mall, High Visibility

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fully leased, 12,000 square foot retail strip center situated on a 0.46-acre lot in Forest Park, Illinois. The property, built in 1976, features seven individual units currently boasting 100% occupancy. The diverse tenant mix includes food service (Papa John's Pizza, Zesty Catering), fitness (Elite Fitness), medical (Forest Park Dental Associates, LTD., Cardio-Med & Pain Center), spa (Traci Dani Beauty Studio & Suites), and retail (Empowering Gardens, Inc.). Located at 7736 W Madison St, 60130, this single-story building is zoned B-1 and enjoys a prime location at the border of Forest Park and River Forest, just 1.5 miles southwest of Oak Park's downtown shopping district. Its high visibility and ample customer parking contribute to its strong performance. The property benefits from convenient access to the Forest Park Blue Line "el" station and I-290, ensuring excellent accessibility for both tenants and customers. The asking price for this exceptional investment is $1,800,000. The property's Cook County APN is 15-13-101-043-0000.

    Property Features for 7736 Madison St

    General Information

    Property type
    Neighborhood centers
    Square Feet
    12,000 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1976
    Buildings
    1
    Stories
    1
    Units
    7

    HighLights

    • ±12,000 SF retail strip center on a 0.46‑acre lot.
    • 7 units, fully leased.
    • Prime Forest Park/River Forest border location, 1.5 miles southwest of Oak Park's downtown.
    • High visibility and ample customer parking.
    • Diverse tenant mix including food service, fitness, medical, spa, and retail.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.819116824399
    Latitude
    41.879383529868

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    FAQs

    What type of property is this?
    Neighborhood center - Fully Leased, 7-Unit Strip Mall, High Visibility
    Where is this neighborhood center located?
    The property is located at 7736 Madison St Forest Park, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: ±12,000 SF retail strip center on a 0.46-acre lot.; 7 units, fully leased.; Prime Forest Park/River Forest border location, 1.5 miles southwest of Oak Park's downtown.
    Request Owner's contact information
    7736 Madison St Forest Park, IL 60130
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    Forest Park, IL 60130
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    Realmo Value Estimation

    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.

    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.

    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
    7736 Madison St Forest Park, IL 60130
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