Retail Storefront with
G-7349 Madison St Forest Park, IL
G-7349 Madison St, Forest Park, IL, 00000
$595,000
For Sale
$595,000
Ground-level retail with hardwood floors, kitchen, bathroom, and separate lower-level space with additional storage.
Property Size4,580 SF
Price / SF$129.91
Days on Market77
Property Features for G-7349 Madison St
General Information
- Standard status
- Active
- Size
- 4,580 SF
Listing agency
coldwell banker realty
(708) 738-9986
Listed by
Linda McCroy · License #475126749
(708) 738-9986
Source
Exprealty
Added: May 6 Updated: Jul 20 at 7:58PM Checked: Jul 20 at 7:58PM
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 coldwell banker realty
Investment Insights
Based on property information with market context.
This storefront retail property includes a finished basement area in addition to the ground-floor space. The ground level features hardwood floors, a bathroom and kitchen, high ceilings, and lots of storage. The lower level includes a second bathroom, a utility room, and additional storage, providing practical flexibility for a variety of back-of-house needs.
The property is centrally located on Madison Street in a downtown business district. Public remarks note ample street and village parking and easy access to the expressway, public transportation, and the train.
Heating and cooling are separately zoned for more control over comfort throughout the ground and lower levels.
The property is centrally located on Madison Street in a downtown business district. Public remarks note ample street and village parking and easy access to the expressway, public transportation, and the train.
Heating and cooling are separately zoned for more control over comfort throughout the ground and lower levels.
Key Highlights
- 4,580 SF storefront on Madison Street in the downtown business district, currently used as a retail store
- Ground level includes hardwood floors, bathroom, kitchen, high ceilings, and lots of storage
- Finished basement/ lower level includes a bathroom, utility room, and additional storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.7k | $15.00 |
| − Vacancy | −$5.2k | −$1.13 |
| EGI | $63.5k | $13.88 |
| − OpEx | −$19.1k | −$4.16 |
| NOI | $44.5k | $9.71 |
4,580 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$635.5K
$556.0K – $741.4K
NOI $44,483 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,531 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Ground-level retail with hardwood floors, kitchen, bathroom, and separate lower-level space with additional storage.
Where is this storefront property located?
The property is located at G-7349 Madison St Forest Park, IL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,580 SF storefront on Madison Street in the downtown business district, currently used as a retail store; Ground level includes hardwood floors, bathroom, kitchen, high ceilings, and lots of storage; Finished basement/ lower level includes a bathroom, utility room, and additional storage
