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Property profile & analytics
FOR SALE
Retail space

7777 Lake St River Forest, IL 60305

0.39 ac lot Built 1940
Individually Owned 26-yr Hold Free & Clear
Property ID
US28-0822931
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Lot 0.39 ac (17,007 SF)
APN 15-12-115-002
UPID US28-0822931
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
  • Icap Social Service Agency Medical Clinic
  • Soppet Stephen E DDS Dental Office
  • Lee Clara w DDS Dental Office
  • BEactive bodyTherapies Alternative Medicine Practice Spa & Massage Center
  • Frank Aievoli American Family Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Forest Park Nat'l Bk · 26 yrs held
Forest Park Nat'l Bk
since 2000
4 recorded transactions
2000
$330,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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