7802 Madison St Forest Park, IL 60130-1466
- Commercial real estate
- 0.38 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7802 Madison St
- Year built
- 1994
- Lot size
- 0.38 lot acres
- Property type
- Commercial real estate
- APN
- 15-13-100-012
- APU
- 1513100012
Description
This exceptional portfolio offers two high-volume car washes in Forest Park, Illinois, totaling 16,392 square feet on a 0.71-acre lot. The asking price is $2,191,500, translating to $133.69 per square foot. This presents a unique owner-user opportunity to acquire both the buildings, the established businesses, and the underlying real estate. The portfolio boasts strong sales performance year-over-year, with both locations strategically positioned for high traffic visibility. The Roosevelt Road location benefits from over 29,000 vehicles per day, while the Madison Street location sees over 11,000. Their close proximity (1.5 miles apart) allows for efficient management. The portfolio serves a densely populated area with approximately 1,234,839 people within a 3-mile radius. Furthermore, car washes qualify for bonus depreciation, potentially enhancing investment returns. This is a rare opportunity to acquire significant market share in a thriving area. The portfolio consists of two buildings located at 7802 Madison St and 7343 Roosevelt Rd, Forest Park, IL 60130, within Cook County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forest Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8195
- Latitude
- 41.879
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
