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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
7756 Madison St River Forest, IL 60305-2058
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-2261061
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Lot
0.47 ac (20,375 SF)
APN
15-12-320-039
UPID
US28-2261061
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
In & Out Fitness Inc Gym & Fitness Center
-
Puffs Discount (Bike/Boat/Book/etc) Store
-
Diamond In the Ruff Pet Grooming Service
-
Dr. Sam Giarratano Alternative Medicine Practice
-
Promise of Growth Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Shree 7756 LLC · 1 yrs held
Shree 7756 LLC
since 2025
Last sale
$846,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs River Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs River Forest submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$930,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $846k (May 6 2025)
Last sale anchor
$846k
May 6 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$61,014
Tax year 2022
Assessed value
$188,942
Assessed 2022
Previous assessed
$188,939
+0.0% YoY
Effective rate
32.29%
On assessed value
Assessed land
$127,343
Assessed improvement
$61,599
Land market value
$509,372
Improvement market value
$246,396
Total market value
$755,768
Applied tax rate
33,011.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Lot
0.47 ac (20,375 SF)
APN
15-12-320-039
UPID
US28-2261061
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Shree 7756 LLC
Entity
Mailing address
140 S GRV AVE, OAK PARK, IL 60302-2806
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$846,000
Shree 7756 LLC
Arthur Paris
Warranty Deed
$500,000 · Forest Park National Bank & Trust C
Nov 22, 2022
—
Jack W Strand
Nancy L Strand
Affidavit Of Death Of Joint Tenant
related
—
Jun 10, 2015
—
Jack W Strand
Trust 13630
Grant Deed
related
$460,000 · Wells Fargo Bk
—
—
Cosmopolitan Bank & Trust Ttee
—
Deed Of Trust
related
$410,000 · Emigrant Funding Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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