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    7321 Madison Street

    Forest Park, IL 60130
    • $4,290,000
    • STATUS: Active
    • ON SITE: 438 days
    • MLS #: 10654593
    UPDATED: 47 min ago
    $4,290,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,900
      SQFT
    • $179
      $/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. New tenants include Forest Park Tap Room that has 1 additional location and Taco Tu which is a Mexican restaurant that has 2 total locations.

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    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T10:52:31.67 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: $4,290,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 10654593
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    23,900
    SQFT
    $179
    $/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. New tenants include Forest Park Tap Room that has 1 additional location and Taco Tu which is a Mexican restaurant that has 2 total locations.
    Exterior Features

    Construction Materials BrickConcreteBlock Foundation Details Concrete Perimeter Frontage Type City StreetPublic RoadSignal IntersectionState Road Location Central Business DistrictCornerMixed Use Area Parking Total 0

    Interior Features

    Cooling Central Air Electric Circuit Breakers201-600 Amps Fire Protection Alarm MonitoredAlarm On SiteFire Extinguisher/SHydrants On SiteSmoke Or Fire Protectors Heat Ventilation Central Bldg HeatForced AirGas Number Of Apts 0 Number Of Offices 1 Number Of Stores 3

    Property Features

    Additional Parcels YN Yes Built Before1978 YN Yes Current Use CommercialOffice Electric Expense 0 Expense Year 2017 Exterior Building Type BrickBlock Fuel Expense 0 Geographic Locale South SuburbanSouthwest Suburban Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Lot Size Dimensions 136X60X132X93 Operating Expense 0 Other Expense 0 Possible Use CommercialOffice And ResearchMulti-FamilyRetail Tax Annual Amount 96905 Tax Year 2019 Tenant Pays Varies By Tenant Total Monthly Income 0 Trash Expense 0 Utilities Electric To SiteGas To SiteSanitary SewerSewer-Storm AvailableWater-MunicipalWater To Site Water Sewer Expense 0 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties Commercial.


    © 2021 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 Ani Real Estate. Based on information submitted to the MRED as of 2021-05-16T10:52:31.67 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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