Skip to main content

Active - Other for sale

Forest Park, IL

Facts & features

Other Property type
242 days on Beycome
1926 Year built
10,198 sqft Lot size

Why you’ll love it

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. Owner/ Listing Broker holds a Real Estate License in IL.

Translating description...

Listings courtesy of Berkshire Hathaway HomeServices Chicago as distributed by MLS GRID.

Listed by: Ariel Marini • Berkshire Hathaway HomeServices Chicago

Co-listed by: Mark Hosty • Berkshire Hathaway HomeServices Chicago

Source: MRED as distributed by MLS GRID, MLS#: 12591220 MRED as distributed by MLS GRID logo

Based on info available as of Nov 14, 2026 at 8:11 AM EST.

Come see by yourself

Affordability

$1,950,000$4,050,000
1%20%
0%90%
Discover how to buy smarter Book a call with our buying expert
Estimated monthly payment

$27,543/mo

  • Mortgage$15,165
  • Property tax$12,379
  • HOA fee
  • Homeowners insurance
Due at closing$2,384,205
Down payment held in escrow$599,800
Closing costs$44,985
beycome credit Est.$59,980

Beycome estimates only. Actual amounts and terms vary by lender and location.

Save Credit back

Make a winning offer, and get up to

$59,980 Credit back

Start an offer

Discover the neighborhood

Travel times

About Forest Park

Loading area overview…

This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of Nov 14, 2026 at 08:11am EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

$2,999,000 Listed price

Make a winning offer, and get up to

$59,980 Credit back

Make an offer