7777 Lake St River Forest, IL 60305
- Retail space
- 0.39 lot acres
Current Use by Public Records
- Icap / Alcoholism Treatment Program
- Soppet Stephen E DDS / Dentist
- Lee Clara w DDS / Dentist
- BEactive bodyTherapies / Massage Therapist / Alternative Medicine Practitioner
- Frank Aievoli American Family Insurance / Insurance Agency / Auto Insurance Agency
Property Details for 7777 Lake St
- Year built
- 1940
- Lot size
- 0.39 lot acres
- Property type
- Retail space
- APN
- 15-12-115-002
- APU
- 1512115002
Description
This exceptional River Forest property at 7777 Lake St, offers 17,000 square feet of versatile space across 20 suites in a two-story, Class C building constructed in 1940. The property, situated on a 0.45-acre lot, is zoned C3 and features a mix of retail, traditional office, medical office, and executive office spaces available for lease. Its prime location in Cook County, IL (zip code 60305) provides excellent access to public transportation, including the Harlem/Lake Green Line "el" station, River Forest and Oak Park Metra stations. Major roadways such as I-290, I-294, Illinois Route 43, and Illinois Route 64 are also easily accessible. The building benefits from its proximity to the vibrant downtown River Forest shopping district (one mile west), Lincoln Elementary School (across the street), and two universities (Dominican and Concordia) with a combined student population of approximately 8,200. Current retail tenants include Edward Jones Investments and River Forest Dry Cleaners & Tailoring, creating a strong established commercial presence. This presents a unique opportunity for businesses seeking a well-connected location within a thriving community just 11 miles west of downtown Chicago.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $275,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $255,000
- Mixed-Use
- $290,000
- Hospitality
- $335,000
- Educational
- $310,000
- Residential Income
- $255,000
- Energy
- $335,000
- Income-Based Land
- $325,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- River Forest
- County
- Cook
- State
- Illinois
- Longitude
- -87.819
- Latitude
- 41.8879
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
