$899,000
7605 Madison Street Forest Park, IL 60130
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$899,000
Est. payment /mo
7,310 SqFt
UPDATED:
11/01/2024 10:09 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,310 sqft
Price per Sqft $122
MLS Listing ID 12144967
Year Built 1888
Annual Tax Amount $19,567
Tax Year 2023
Lot Dimensions 50X118X58X49X19X165
Property Description
Incredible opportunity!! 3 storefronts + 3 apartments + garage + parking-- All in downtown Forest Park! This building is situated at a busy intersection with 10,000+ vehicle traffic per day. Tons of on-street parking and next to a municipal parking lot. 4 leases in place, 1 storefront available for an owner occupant. There are 2-2 bedroom apartments and 1-1 bedroom apartment on the 2nd floor. All tenants have separate electric and gas. Downtown zoning--perfect for restaurants, bars, retail and service businesses. Great cash flow from day 1 with an opportunity for growth! Join the vibrant businesses within the Forest Park Main Street including major chains --Starbucks, Dominos, Duncan Donuts and local favorites like Starship, Piacere Mio, Robert's Westside, O'Sullivans, Jimmy's and more!! Also, major development is planned just to the west of this location along Madison St. Long time owner has maintained the property well but property is being sold AS IS. Municipal compliance inspection complete.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Office Only, Window Unit(s)
Flooring Carpet, Tile, Wood, Other
Fireplace Y
Exterior
View Y/N true
Roof Type Reflective Coating,Rubber
Building
Foundation Brick/Mortar, Concrete Perimeter
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Laura Maychruk • Laura Maychruk Real Estate
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959