FOR SALE | River Forest Retail/Office Building

7777 Lake St River Forest, IL 60305

7777 Lake St, River Forest, IL, 60305
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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
Please Call Broker for Price

Last Verified:
Dec 19, 2024

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Highlights


Description

SVN Chicago Commercial is pleased to present 7777 Lake Street in River Forest, a ±24,516 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.

SVN Chicago Commercial is pleased to present 7777 Lake Street in River Forest, a prime leasing opportunity with office, medical office, and street retail suites available. This dynamic location is conveniently located near the Harlem/Lake Green Line "EL" station, the River Forest Metra station, and the Oak Park Metra station, as well as major roadways including I-290, I-294, Illinois Route 43, and Illinois Route 64. Join retail tenants such as Edward Jones Investments and River Forest Dry Cleaners & Tailoring.

River Forest is a village in Cook County approximately 11 miles west of downtown Chicago and with close ties to the larger neighboring community of Oak Park. The city is home to two universities, Dominican and Concordia University, with a combined student population of approximately 8,200. This property is located one mile west of the downtown River Forest shopping district and is immediately across the street from Lincoln Elementary School. The location has close proximity to the Harlem/Lake Green Line "el" station, the River Forest Metra station, and the Oak Park Metra station, as well as easy access to major roadways including I-290, I-294, Illinois Route 43, and Illinois Route 64.


Year Built: 1940
Building Size: 24516sq ft
Lot Size: 0.45 acres


Documents

SVN - SALE Brochure
SVN - LEASE Brochure

Units for Lease

Suite 100
Space Available: 465 SF
Lease Type: NNN

Price Per Sqft/Year: $21.00
Suite 102
Space Available: 1250 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 108/110
Space Available: 850 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 113
Space Available: 480 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 114A
Space Available: 850 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 114B
Space Available: 480 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 116
Space Available: 780 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00
Suite 200
Space Available: 780 SF
Lease Type: NNN

Price Per Sqft/Year: $18.00

Map of 7777 Lake St, River Forest, IL, 60305

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.