7321 Madison Street,Forest Park, IL 60130
Forest Park, IL 60130
Description
Positioned on a prime corner along Forest Park's highly active Madison Street corridor, 7321 Madison Street presents a rare opportunity to acquire a 21,000 square foot mixed-use commercial asset with exceptional visibility, scale, and infrastructure. The property features distinctive brick construction with frontage on both Madison Street and Circle Avenue, offering strong identity and accessibility. The building supports a mix of restaurant, entertainment, retail, and office uses, while also providing flexibility for repositioning or adaptive reuse depending on ownership strategy. Approximately 6,800 square feet is currently available, presenting a compelling opportunity for an owner-user to occupy a significant portion of the building while benefiting from in-place income, or for an investor to lease up the vacancy and increase overall cash flow and value. A defining feature of the asset is its robust electrical infrastructure, delivering in excess of 1,200 amps of electrical service capacity. This level of service significantly expands the universe of viable users and positions the property for power-intensive operations that are typically difficult to accommodate in comparable suburban assets. This infrastructure, combined with the building's size and layout, makes the property suitable for a wide range of commercial applications, including entertainment and event venues, restaurant and hospitality concepts, medical and healthcare uses such as outpatient clinics, physical therapy, imaging, and specialty practices, fitness and wellness facilities, technology and data-oriented users, production and light industrial-style uses, creative office or showroom concepts, educational or training facilities, and specialty retail or experiential concepts. Located just west of Harlem Avenue, the property sits in the core of Forest Park's dining and entertainment district, surrounded by established restaurants, bars, and neighborhood retail. The area continues to benefit from strong consumer traffic, ongoing reinvestment, and excellent regional connectivity via CTA Blue and Green Lines, Metra, Pace, and immediate access to I-290. This is a unique opportunity to acquire a scalable, infrastructure-rich asset in a supply-constrained suburban downtown with multiple pathways for value creation. Owner/ Listing Broker holds a Real Estate License in IL.
Details
| MLS # | 12591220 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 157 |
| Listing Provided By | Berkshire Hathaway HomeServices Chicago | Ariel Marini |
Features
| SQ Feet | 21,000 |
|---|---|
| Story(s) | 3 |
| Units | 1 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick, Wood |
|---|
Utilities
| Electric | Separate Meters |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 148543 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Forest Park |
| Zip Code | 60130 |
| Area | Forest Park |
| Listing VS Median (in 60130) | |
Price: $2,999,000 low | high Med: $259,450 sqft: 21,000 low | high Med: 813 $ / sqft: $143 low | high Med: $320 On site: 157 low | high Med: 33.5 | |
Market Activity 60130
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Forest Park |
| Zip Code | 60130 |
| Area | Forest Park |
| Listing VS Median (in 60130) | |
Price: $2,999,000 low | high Med: $259,450 sqft: 21,000 low | high Med: 813 $ / sqft: $143 low | high Med: $320 On site: 157 low | high Med: 33.5 | |
