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    1520 Hannah Ave, Forest Park, IL 60130 Forest Park, IL 60130

    • Mixed-use properties
    For Lease
    View listing
    $9 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1520 Hannah Ave, Forest Park, IL 60130

    Year built
    1971
    Property type
    Mixed-use properties
    Property subtype
    Retail residential properties

    Description

    Two Free-Standing Industrial Properties are located in Forest Park, IL, less than one Mile from the I-290 Full Interchange. 1520 Hannah is a 6,000 SF Single-Tenant Industrial Building, and 1540 Hannah is a 10,000 SF Two-Story Flex Building. The properties are available for sale or lease and can be sold or leased together or separately. The properties are accessed via Harlem Avenue and 16th Street and is approximately 1 mile to I-290 interchange. It is also 18 miles from the O’Hare Market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forest Park
    County
    State
    Illinois
    Longitude
    -88.122775
    Latitude
    41.523475

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      7234 Roosevelt Rd

      STORES & APARTMENTS • 0.28 Acres
      7234 Roosevelt Rd, Forest Park, IL 60130-2906
      View Details
    • Value Estimation
      $515,000
      0.09 Acres

      7401 Roosevelt Rd

      STORES & APARTMENTS • 0.09 Acres
      7401 Roosevelt Rd, Forest Park, IL 60130-2523
      View Details
    • Value Estimation by Request
      0.21 Acres

      7500 Madison St

      STORES & APARTMENTS • 0.21 Acres
      7500 Madison St, Forest Park, IL 60130-1401
      View Details
    • Value Estimation by Request
      2,850 SF

      7508 Madison St

      STORES & APARTMENTS • 2,850 SF
      7508 Madison St, Forest Park, IL 60130-3502
      View Details
    • Value Estimation by Request
      0.19 Acres

      201 Marengo Ave, Unit 3

      STORES & APARTMENTS • 0.19 Acres
      201 Marengo Ave, Forest Park, IL 60130-1653
      View Details
    • Value Estimation by Request
      23,700 SF

      7300 Madison St

      STORES & APARTMENTS • 23,700 SF
      7300 Madison St, Forest Park, IL 60130-1706
      View Details

    Similar Nearby for Sale

    • $450,000

      Prime Mixed-Use Commercial Space

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    • $385,000

      Mixed-Use Investment Property For Sale

      Renovated mixed-use property with retail and residential units.
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      Madison Street Mixed-Use Building

      Mixed-use building with retail space and updated apartment in Forest Park.
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      Retail Building on Roosevelt Road

      High-exposure retail building suitable for automotive or retail businesses.
      7213 W Roosevelt Rd, Forest Park, IL 60130
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    • Contact for pricing
      12,000 SF

      Retail Strip Center Near Oak Park

      12,000 SF retail strip center near downtown Oak Park.
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    • New
      $444,900
      0.09 Acres

      Forest Park Multi-Unit Brick Building

      Three-unit building in Forest Park, ideal for investors or owner-occupants.
      946 Ferdinand Ave, Forest Park, IL 60130
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    Similar Nearby for Lease

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      254,433 SF

      Forest Park Plaza Retail Space

      High-profile retail center, spaces available.
      7600 Roosevelt Rd, Forest Park, IL 60130
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    • $32 SF/Yr
      3,049 SF

      Renovated Retail/Office Space Available

      Recently renovated retail/office space with high traffic and natural light.
      7624 Madison St, Forest Park, IL 60130
      View Details
    • $52 SF/Yr

      Forest Park Storefront on Main

      Storefront in central Forest Park with high traffic exposure.
      408 Thomas Ave, Forest Park, IL 60130
      View Details
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    1520 Hannah Ave, Forest Park, IL 60130
    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
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