7321 Madison St - Restaurant FOR SALE


Forest Park, IL 60130
$2,999,000 USD
312-607-5405
7321 Madison St, Forest Park, IL for Sale
$2,999,000 USD
Restaurant - FOR SALE
1/66
null | Request Cap Rate

NEW


7321 Madison St
Forest Park, IL 60130


HIGHLIGHTS

  • ±21,000 SF mixed-use commercial building
  • ±6,800 SF available for owner-user occupancy or lease-up
  • Corner positioning with dual frontage on Madison Street and Circle Avenue
  • Over 1,200 amps electrical service capacity supporting high-demand users
  • Multi-tenant income with value-add potential
  • Existing mix of restaurant, entertainment, retail, and office uses

OVERVIEW

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. Property Highlights ±21,000 SF mixed-use commercial building ±6,800 SF available for owner-user occupancy or lease-up Corner positioning with dual frontage on Madison Street and Circle Avenue ±0.28-acre site Multi-tenant income with value-add potential Existing mix of restaurant, entertainment, retail, and office uses Over 1,200 amps electrical service capacity supporting high-demand users Ideal for medical, fitness, entertainment, hospitality, technology, data-oriented, showroom, and educational uses Located in a high-traffic Madison Street corridor Strong access to CTA, Metra, Pace, and I-290 Significant adaptive reuse and long-term upside potential ** NOTE: Owner holds a Real Estate License in IL.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

undefined, Bar, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Circle Ave

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

B-2, Forest Park

APN/PARCEL ID

15-12-434-053-1006

ASK ABOUT THIS PROPERTY

Ariel MariniBerkshire HathawayMore Info
312-607-5405

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Ariel MariniBerkshire HathawayMore Info
312-607-5405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.