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7777 Lake St

17,000 SF 60% Leased Office Building River Forest, IL 60305 $2,750,000 ($162/SF)

Investment Highlights

  • High Visibility | Value-add
  • Adjacent to two land parcels being offered for sale by the village of River Forest
  • Easy access to I-290, I-294, Illinois Route 43, and Illinois Route 64
  • On-site surface parking lot & abundant street parking
  • Close proximity to the Harlem/Lake Green Line "EL" station, the River Forest Metra station, and the Oak Park Metra station
  • Also available for lease

Executive Summary

SVN Chicago Commercial is pleased to present 7777 Lake Street in River Forest, a ±17,000 SF Retail and Office building on 0.45 Acres with full basement for storage. This property is value-add with 60% occupied with 20 total units. Current retail tenants include Edward Jones Investments, River Forest Dry Cleaners & Tailoring, and various office users.

Attachments

Sale Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
17,000 SF
Building Class
C
Year Built
1940
Price
$2,750,000
Price Per SF
$162
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,500 SF
Building FAR
0.86
Land Acres
0.45 AC
Zoning
C3, Cook
Parking
10 Spaces (0.59 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 465 SF
  • Office/Retail
  • -
  • Now

Open area with retail presence on Lake Street.

  • 1st Fl-Ste 102
  • 1,250 SF
  • Medical
  • Full Build-Out
  • Now

Former medical suite with 3 private offices, 2 exam rooms with sinks, and large reception area.

  • 1st Fl-Ste 108/110
  • 850 SF
  • Medical
  • Full Build-Out
  • Now

Former dental suite with 4 exam rooms, 2 labs, 2 reception areas, nurses station, private restroom with shower, 2 private offices, and 3 entrances.

  • 1st Fl-Ste 113
  • 480 SF
  • Office
  • -
  • Now

Small reception, large private office.

  • 1st Fl-Ste 114A
  • 850 SF
  • Medical
  • Full Build-Out
  • Now

3 private offices, break room, and reception area

  • 1st Fl-Ste 114B
  • 480 SF
  • Office
  • -
  • Now

Reception area, private office, private restroom, breakroom, enclosed private outdoor patio.

  • 1st Fl-Ste 116
  • 780 SF
  • Office
  • -
  • Now

2 private offices, reception/open area, storage closet.

  • 2nd Fl-Ste 200
  • 780 SF
  • Office
  • -
  • Now

Upper loft suite with 2 private offices and storage.

Space Size Space Use Condition Available
1st Fl-Ste 100 465 SF Office/Retail - Now
1st Fl-Ste 102 1,250 SF Medical Full Build-Out Now
1st Fl-Ste 108/110 850 SF Medical Full Build-Out Now
1st Fl-Ste 113 480 SF Office - Now
1st Fl-Ste 114A 850 SF Medical Full Build-Out Now
1st Fl-Ste 114B 480 SF Office - Now
1st Fl-Ste 116 780 SF Office - Now
2nd Fl-Ste 200 780 SF Office - Now

1st Fl-Ste 100

Size
465 SF
Space Use
Office/Retail
Condition
-
Available
Now

1st Fl-Ste 102

Size
1,250 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 108/110

Size
850 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 113

Size
480 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 114A

Size
850 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 114B

Size
480 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 116

Size
780 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 200

Size
780 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 100

Size 465 SF
Space Use Office/Retail
Condition -
Available Now

Open area with retail presence on Lake Street.

1st Fl-Ste 102

Size 1,250 SF
Space Use Medical
Condition Full Build-Out
Available Now

Former medical suite with 3 private offices, 2 exam rooms with sinks, and large reception area.

1st Fl-Ste 108/110

Size 850 SF
Space Use Medical
Condition Full Build-Out
Available Now

Former dental suite with 4 exam rooms, 2 labs, 2 reception areas, nurses station, private restroom with shower, 2 private offices, and 3 entrances.

1st Fl-Ste 113

Size 480 SF
Space Use Office
Condition -
Available Now

Small reception, large private office.

1st Fl-Ste 114A

Size 850 SF
Space Use Medical
Condition Full Build-Out
Available Now

3 private offices, break room, and reception area

1st Fl-Ste 114B

Size 480 SF
Space Use Office
Condition -
Available Now

Reception area, private office, private restroom, breakroom, enclosed private outdoor patio.

1st Fl-Ste 116

Size 780 SF
Space Use Office
Condition -
Available Now

2 private offices, reception/open area, storage closet.

2nd Fl-Ste 200

Size 780 SF
Space Use Office
Condition -
Available Now

Upper loft suite with 2 private offices and storage.

Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-12-115-002-0000
Land Assessment
$106,294
Improvements Assessment
$353,615
Total Assessment
$459,909
  • Listing ID: 33220967

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 7777 Lake St, River Forest, IL 60305

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