Forest Park IL Commercial for Sale
- Type:
- Mixed Use
- Sq.Ft.:
- 9,400
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1924
- Baths:
- MLS#:
- 12150092
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Courtesy: Essex 312, LLC
773-570-0318
ADDITIONAL INFORMATION
Tremendous opportunity to step into a cash-flowing asset on day one of ownership. 7227-7233 Roosevelt Road is a nine-unit mixed-use property located in the near west suburb of Forest Park. The Subject Property consists of five (5) second-floor apartments and four (4) ground level commercial spaces, along with five (5) exterior parking spaces. All units are fully leased, presenting the rare opportunity to acquire a stabilized asset in a high-demand rental market. The commercial spaces are anchored by Boost Mobile, and also include long-term retail tenants with an average tenure of fourteen (14) years. The apartments feature hardwood floors, individual HVAC, individual hot water heaters, and remodeled kitchens and baths with ceramic tile backsplashes, porcelain tile, and granite countertops in select units. Current rents are significantly under market "As-Is." A new owner will have the opportunity to take advantage of tremendous rental upside. Recent capital improvements include roof silver coat (2024), HVAC (2019-2024 five units replaced), copper plumbing (2016), and windows (2016). 7227-7233 Roosevelt Road sits in a phenomenal Forest Park location and offers tenants easy access to major employers, schools, grocery stores, restaurants, and numerous retail options. Residents also benefit from the Harlem Blue Line station 0.6 miles away.
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1903
- Baths:
- MLS#:
- 12147607
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Courtesy: Associates Realty
847-833-5282
ADDITIONAL INFORMATION
Great Investment opportunity on Madison Street in the well known Business district! 1200 SF of storefront that is currently being rented out along with 1200 SF upstairs that is a 2 Bed 2 Bath that is also being rented out. There is a beautiful brick patio courtyard between the building and the 2 car garage that is included. This property has amazing location with great curb appeal!
- Type:
- Other
- Sq.Ft.:
- 7,310
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1888
- Baths:
- MLS#:
- 12144967
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Courtesy: Laura Maychruk Real Estate
708-205-7044
ADDITIONAL INFORMATION
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.
- Type:
- Business Opportunities
- Sq.Ft.:
- 4,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- 12014919
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Courtesy: RCI Real Estate Group
847-455-0101
ADDITIONAL INFORMATION
Priced to Sell. Building in need of work, modernizing, plumbing, electric & possible roof repair or replacement. 4800 Sq. ft. for Industrial use on 7600 sw. ft of land. Contact Village for any additional use for your business before requesting showing. Overhead door at rear of bldg, enter from south end of the block turn east than north. Limited parking at rear. Small business was active at this location since built. Phase 1, buyers responsibility. If Phase 2, also buyers responsibility & cost. Selling As-Is ONLY. Buyer to assume any & all charges for Village requirements to bring to Code. Escrow would be required by village . Good size for small business use. Just off expressways. Easy access. Ground deliveries, no dock. Forest Park Village Bldg Dept. for Zoning & Use. Plenty to get it emptied & Plating solutions need to be removed. Buyers obligation. Have pricing for complete clean out. Can be itemized. Lot of work. Great location.
- Type:
- Condo
- Sq.Ft.:
- 12,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1915
- Baths:
- MLS#:
- 11981399
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Courtesy: Coldwell Banker Realty
773-631-8300
ADDITIONAL INFORMATION
What A Excellent locations in the DBD (downtown business district) of Forest Park Madison Street. 4580sqft of beautifully finished work space. 2 levels of flexible work space the possibilities are many. A retail space, gallery, studio, or multiple office shared space there are many possibilities with the central location of this property. Ground level has hardwood floors ,bathroom and kitchen, high ceilings, separate heat and central air control with lots of storage. The lower level also has it's own kitchen and bathrooms, heat and central air control, office space, workroom, storage. Separate zoned HVAC over 4500 sq. ft. Finely finished and ready for a new owner to make their own. loads of possibilities await, surrounded by dining, banks, mixed use properties, entertainment and other business makes this the perfect location. The property has great lighting on both levels with high ceilings, approximately 17 feet on the 1st floor and 9 feet on the lower level. Excellent foot traffic and good parking, walk to the Blue Line, Metra, Post Office. Also the space has a very impressive window space for multiple usages. Stop in take a look you will love the space. Presently both levels are used as a working retail space. Seller willing to entertain all offers with a quick response. Thanks For looking and or showing, Flexible seller so lets make a deal. Stop in take a look you will be surprised at the many possibilities.
- Type:
- Other
- Sq.Ft.:
- 5,242
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1917
- Baths:
- MLS#:
- 11962554
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Courtesy: Inland National Development Corporation
630-218-4930
ADDITIONAL INFORMATION
Great corner lot location in Forest Park. Investment opportunity in a growing community. Property ripe for redevelopment. Directly across from Forest Park public school. The second floor residential unit is on a month to month with rent at $795.00. It is a one bedroom one bath unit. Needs 24 hour notice to view. The first floor is vacant. Pending zoning review and updates, Village has designated this lot for residential development. The property is being sold as is. Village of Forest Park has completed its inspection. All remodeling or new construction is required to follow 2008 and beyond codes by Buyer. BRING YOUR OFFER TODAY!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1959
- Baths:
- MLS#:
- 11821667
View additional info
Courtesy: Fathom Realty IL, LLC
630-479-8664
ADDITIONAL INFORMATION
Looking for Passive Cash Flow? Renovated mixed use investment property featuring three, 1BR/1BA spacious apartments with great size rooms on the 2nd Floor. The first floor retail space is a laundromat (with an office space in the rear) in its 3rd year of a 5yr lease. Tenants easily can walk to Jewel, Walmart, and Forest Park Shopping plaza for supplies and decor. Enjoy a bike ride or exercise at the lovely Maple Park only a few blocks away. Located near Forest Park Blue Line, I-290, and several Bus Routes. Emergency Lighting and Exit Signs in Laundromat. Electric Power at 400 amps along with Plumbing upgrades! Fully Occupied and Well Kept Building! Great Investment opportunity! Schedule a showing and see for yourself!
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Forest Park Real Estate
The median home value in Forest Park, IL is $250,000. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Forest Park, IL is $250,000. Approximately 46.29% of Forest Park homes are owned, compared to 45.2% rented, while 8.5% are vacant. Forest Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Forest Park real estate agent to arrange a tour today!
Forest Park, Illinois has a population of 14,297. Forest Park is less family-centric than the surrounding county with 17.83% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Forest Park, Illinois is $72,827. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Forest Park is 42.4 years.
Forest Park Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 38.9 inches per year, with 34.4 inches of snow per year.