7321 Madison Street

    Forest Park, IL 60130
    • $4,600,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 10409965
    UPDATED: 26 min ago
    $4,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,900
      SQFT
    • $192
      $/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. 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. IT consulting firm ICOMM Consulting began in the building in 2009 and has expanded within the building over the past 10 years. Healy's West Side is a neighborhood institution with over 20+ years in Forest Park. Yo Taco is a Mexican restaurant that will be open in July.

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    © 2019 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 The Wexler Group. Based on information submitted to the MRED as of 2019-06-18T12:54:10.21 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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    www.thewexlergroup.com/homes/95707508

    7321 Madison Street Forest Park, IL 60130

    • Price: $4,600,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 10409965
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    23,900
    SQFT
    $192
    $/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. 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. IT consulting firm ICOMM Consulting began in the building in 2009 and has expanded within the building over the past 10 years. Healy's West Side is a neighborhood institution with over 20+ years in Forest Park. Yo Taco is a Mexican restaurant that will be open in July.
    Exterior Features

    Construction BrickConcreteConcrete BlockStoneDivisible Foundation Concrete Frontage Access City StreetCounty RoadPublic RoadSignal IntersectionState Road Location Central Business DistrictMixed Use AreaPublic Transport Avail Lot Dimensions 136X60X132X93 Lot Sq Ft 12197 Number Of TLDocks 0 Roof Coverings MembraneReflective Coating Roof Structure Pitched

    Interior Features

    Air Conditioning Central Air Ceiling Height Ft 14 Fire Protection Alarm MonitoredAlarm On SiteAnsul SystemFire Extinguisher/SHydrants On Site Floor Finish CarpetConcreteTileVariesWood Miscellaneous Inside Multi-TenantPublic Restroom/SStorage Inside Number Of Drive In Doors 0 Number Of Stories 2

    Property Features

    Current Use CommercialOffice And Research Electrical Service Circuit Breakers201-600 Amps Electricity Expense 0 Expense Year 2017 Exterior Building Type BrickBlockStone Extra Storage Spaces Available YN Yes Financial Amounts For Total Building Rental Onl Yes Fuel Expense 0 Gross Rentable Area 0 Gross Rental Income Amount 442980 Heat Ventilation Central Bldg HeatForced AirGas Insurance Expense 9440 Insurance Expense Source Actual Investment YN Yes Max Avail Sq Ft Rentable 0 Min Avail Sq Ft Rentable 0 Net Oper Income Amount 31205 Net Operating Income Year 2017 Net Rentable Area 0 Number Of Tenants 4 Possession ClosingImmediate Property Offered For Sale Only Sale Terms Conventional Tax Year 2017 Taxes 96803 Tenant Pays Varies By Tenant Total Annual Exp 138407 Total Annual Expense Source Actual Total Annual Income 450457 Total Monthly Income 37538 Township Proviso Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Water Drainage Drain TilesFloor DrainsStorm Sewers Water Expense 0 Zoning Type Rtail

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties Commercial.


    © 2019 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 The Wexler Group. Based on information submitted to the MRED as of 2019-06-18T12:54:10.21 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
     
    The Wexler Group
    16123 S LaGrange Road
    Orland Park IL, 60467