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    7321 Madison Street

    Forest Park, IL 60130
    • $4,499,000
    • STATUS: Active
    • ON SITE: 202 days
    • MLS #: 10654599
    UPDATED: 57 min ago
    $4,499,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,900
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    Description

    Here is your opportunity to acquire a fully leased, Multi-tenant investment property in the heart of downtown Forest Park! 80% of the tenants have long term in places until 2026! Very stabilized asset that provides an investor a turn-key investment that has many long term tenants in place with a strong rental history. These include Jimmy John's, which has been in the building for 16 years and this location is one of the best producing locations for its franchisee. An IT consulting firm began in the building in 2009 and has expanded within the building over the past 10 years and just extended an additiona 5 years. Healy's West Side is a neighborhood institution with over 20+ years in Forest Park. Yo Taco is a Mexican restaurant that has 2 total locations.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-22T14:52:21.477 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    7321 Madison Street Forest Park, IL 60130

    • Price: $4,499,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 10654599
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    23,900
    SQFT
    $188
    $/SQFT
    1926
    Built
    Neighborhood:
    Forest Park
    County:
    Cook
    Area:
    Forest Park
    Property Description
    Here is your opportunity to acquire a fully leased, Multi-tenant investment property in the heart of downtown Forest Park! 80% of the tenants have long term in places until 2026! Very stabilized asset that provides an investor a turn-key investment that has many long term tenants in place with a strong rental history. These include Jimmy John's, which has been in the building for 16 years and this location is one of the best producing locations for its franchisee. An IT consulting firm began in the building in 2009 and has expanded within the building over the past 10 years and just extended an additiona 5 years. Healy's West Side is a neighborhood institution with over 20+ years in Forest Park. Yo Taco is a Mexican restaurant that has 2 total locations.
    Exterior Features

    Construction BrickConcreteConcrete Block Foundation Concrete Frontage Access City StreetPublic RoadSignal IntersectionState Road Location Central Business DistrictCornerMixed Use Area Lot Dimensions 136X60X132X93 Lot Sq Ft 12197 Number Of Parking Spaces 0 Number Of TLDocks 0

    Interior Features

    Air Conditioning Central Air Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SHydrants On SiteSmoke Or Fire Protectors Number Of Drive In Doors 0 Number Of Stories 2

    Property Features

    Age Older Built Before1978 YN Yes Current Use CommercialOffice And Research Electrical Service Circuit Breakers201-600 Amps Expense Year 2017 Exterior Building Type BrickBlock Geographic Locale South SuburbanSouthwest Suburban Gross Rental Income Amount 0 Heat Ventilation Central Bldg HeatForced AirGas Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 0 Potential Use CommercialOffice And ResearchResidential-Multi-FamilyRetail Property Offered For Sale Only Sale Terms Conventional Tax Year 2018 Taxes 96905 Tenant Pays Varies By Tenant Total Annual Exp 0 Total Annual Income 0 Total Monthly Income 0 Township Proviso Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteSewer-Storm AvailableWater-MunicipalWater To Site Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties Commercial.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-22T14:52:21.477 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647