7756 Madison StRiver Forest, IL 60305

Property Details for 7756 Madison St

Year built

1984

Lot size

0.47 AC

Property type

Retail properties

Property subtype

Retail space

APN

15-12-320-039

APU

1512320039

Description

This single-story, 8,640 square foot retail plaza in River Forest, IL (Cook County, zip code 60305), offers multiple suites for lease, ranging from 500 to 1,000 contiguous square feet. Located at 7756 Madison St, this 0.48-acre property, built in 1985, is zoned C and features nine total suites. Its prime location provides excellent visibility and accessibility, situated near the Forest Park Blue Line and River Forest Metra stations, and with convenient access to I-290 via Des Plaines Avenue. The property benefits from its proximity to the vibrant Oak Park shopping and dining district (1.5 miles southwest) and two universities (Dominican and Concordia) with a combined student population of approximately 8,200. Current tenants include established businesses. Spaces are available in approximately 90-120 days. Note that existing conditions and precise square footage are to be determined.

• CAP approach

  CAP return

  Valuation

  6%

  $9,015,821

  6.5%

  $8,322,296

  7%

  $7,727,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,687,686

  Geo Method

  $6,687,686

• Alternative Use

  Use

  Valuation

  Residential

  $7,020,168

  Hospitality

  $6,430,436

  Educational

  $5,350,048

  Medical

  $5,534,044

  Retail

  $8,322,296

Location Insight

City

River Forest

County

Cook

State

Illinois

Latitude

41.8796

Longitude

-87.8181

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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