Listings courtesy of Berkshire Hathaway HomeServices Chicago as distributed by MLS GRID.
$2,999,000 Earn $59,980
$2,999,000
Credit Back up to $59,980*
Active - Other for sale
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.
- Listed by: Ariel Marini
- Brokered by: Berkshire Hathaway HomeServices Chicago • 312-944-8900
- Co-listed by: Mark Hosty • Mark Hosty
- Co-Brokered by: Berkshire Hathaway HomeServices Chicago • (708) 848-5550
- Source: MRED as distributed by MLS GRID
- MLS Number: 12591220
- MLS Last Updated: Mar 26, 2026 at 06:42pm EDT
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Current Use: Commercial
Furnished: Unfurnished
Status: Active
Listed Date: 03/16/2026
Days On Market: 20
Lot Size (Square Feet): 10198
Year Built: 1926
Construction Materials: Brick, Wood
Cooling: Central Air
Flooring: Wood
Parcel Number: 15124340531004

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