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7736-7748 W Madison St
1,200 SF of Retail Space Available in Forest Park, IL 60130
Highlights
- ±12,000 SF retail strip center on 0.43 AC
- Prime location at the Forest Park/River Forest border | 1.5 miles SW of downtown Oak Park
- Diverse tenant mix including food service, fitness, medical, spa, and retail garden center
- 7 Units | 90% Leased
- High visibility | Ample parking for customers
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 7748 | 1,200 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $236.81 /m²/YR $19.73 /m²/MO $2,200 /MO $26,400 /YR | Triple Net (NNN) |
7736-7748 W Madison St - 1st Floor - Ste 7748
Unfinished restaurant buildout with kitchen, open area, two restrooms, and storage closet. 15.5' frontage on Madison Street.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Ample parking for customers
- High visibility
- Diverse tenant mix
- Prime location at Forest Park/River Forest border
- 1.5 miles SW of downtown Oak Park
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 7736-7748 W Madison St , Forest Park, IL 60130
| Center Type | Strip Center | Gross Leasable Area | 12,000 SF |
| Parking | 21 Spaces | Total Land Area | 0.46 AC |
| Stores | 7 | Year Built | 1976 |
| Center Properties | 1 |
| Center Type | Strip Center |
| Parking | 21 Spaces |
| Stores | 7 |
| Center Properties | 1 |
| Gross Leasable Area | 12,000 SF |
| Total Land Area | 0.46 AC |
| Year Built | 1976 |
About the Property
SVN Chicago Commercial is pleased to present 7736-7748 W Madison, a ±12,000 SF 7-unit Retail Strip Center at the border of Forest Park and River Forest. This property is 90% leased and has proximity to the Forest Park Blue Line "el" station, as well as easy access to I-290. Existing tenants include Empowering Gardens, Inc., Elite Fitness, Traci Dani Beauty Studio & Suites, Forest Park Dental Associates, LTD., Papa Johns Pizza, and Cardio-Med & Pain Center.
Nearby Major Retailers
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7736-7748 W Madison St
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