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7240 Madison Street Forest Park, IL $ 625,000
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7240 Madison Street
$ 625,000
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7240 Madison Street

Forest Park, IL, 60130
$ 625,000
Baths0.0 Sq 7,425

Monthly Estimate*

$ 4,366

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Studio

Commercial Property for sale in Forest Park, IL

for $625,000. This 7,425 square foot building was built in 1914 on a lot size of 0.086088.

OWNER OF ARCHERY STORE IS RETIRING...Investment opportunity on vibrant Madison Street in the business district. Conscientious owner diligently maintained building and property. Street level storefront extends the entire lot. Second floor includes a huge sundrenched 2-bedroom apartment (1,700 sqft) and is easy to rent. An additional 1,725sqft on 2nd floor is currently part of commercial use. Attached deep 2 car heated garage and loads of storage. New boiler was installed on the 1st floor & furnace on the 2nd floor (2022). High visibility and lots of foot traffic. Currently, property is operating as a longtime archery store & range. Please contact listing agent for details and do not disturb clientele.

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Commercial Active

Price

$ 625,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,834

Style

Commercial

Lot Size

0.086088

Year Built

1914

Town/City

Forest Park

County/Region

Cook

MLS | Web ID

12040874
Features
General
Cooling Central Air Window Unit(s)
Construction Materials Brick
Year Built 1914
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity
Stories 1
Property SubType Apts/Ofc/Store Condominium Apts/Ofc Apts/Stores Ofc/Store
Tax Year 2021
Current Use Commercial
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Condominium Office and Research Retail
Status Active
Directions Madison Street 1 block west of Harlem Avenue.
City Forest Park
Total Units 3
MLS Area Forest Park
Lot Size Square Feet 3750
Street Name Madison
Tax Annual Amount 15834.2
Electric Expense 0
Fuel Expense 0
Trash Expense 1160
Water Sewer Expense 570
Additional Parcels Y/N N
Days on Market 6
Lease Type N/A
Standard Status Active
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Exterior
Building Area Total 7425
Lot Dimensions 3750
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Michals Realty, Inc

Broker

carolyn@michalsrealty.com

Email

Affordability Calculator

$5,685
Per Month
77%
23%
0%
Monthly Principal & Interest
$4,366
Monthly Property Taxes
$1,320
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/27/2024$625,000 Listed Price

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7240 Madison Street, Forest Park, IL, 60130 is a Commercial Property for sale at $625,000 with 7,425 sqft and a lot size of 0.086088. 7240 Madison Street is a studio with 0.0 baths and was built in 1914. The property's zip code is 60130 which is in Forest Park, IL

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