7612-7620 W Madison St - Prime Development Opportunity in River Forest
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7612-7620 W Madison St - Prime Development Opportunity in River Forest
0.7 Acres of Commercial Land Offered at $2,107,020 CAD in River Forest, IL 60305
Investment Highlights
- Level, 0.7-acre site open to a wide range of potential development ventures, ideal for mixed-use projects.
- Unique development site lies within a TIF district, adding the potential for tax incentives.
- Conveniently located near Interstate 290, public transportation routes, and major area thoroughfares for easy accessibility.
- Within walking distance of a variety of stores and restaurants along Madison Street, the Blue Line, and Downtown River Forest.
Executive Summary
Situated in a TIF district near a thriving downtown, this site is ready for the right developer to bring fresh ideas. The Village of River Forest is proud to announce that this space is open for development.
Located at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue, this 0.7-acre site comprises three parcels with a prime development opportunity. This site is open to various potential ventures to seamlessly fit into the neighborhood's suburban charm, including mixed-use projects, retail, restaurants, an office, and more. Connecting adjacent parcels across the alley and TIF district tax incentives are potentially available.
The leveled land was formerly home to the Lutheran Children Family Services building. The site fronts the heavily trafficked Madison Street commercial corridor, surrounded by residential communities within walking distance of the vibrant downtown. Numerous restaurants, bars, shopping, services, and entertainment fill the tranquil tree-lined streets.
Located about 10 miles west of Chicago's Loop, River Forest is a picturesque suburb known for its gorgeous architecture and lush natural beauty. River Forest contains densely wooded areas alongside the Des Plaines River, where its natural beauty contributes to the peaceful atmosphere. Traveling is easy, with access to the Blue and Green Line, the Metrarail's UP-W Line, and Interstate 290, in addition to O'Hare International Airport and Chicago Midway International Airport, which are less than 30 minutes away. This prime site at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue presents an ideal destination for development as a blank canvas in a buzzing community.
Located at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue, this 0.7-acre site comprises three parcels with a prime development opportunity. This site is open to various potential ventures to seamlessly fit into the neighborhood's suburban charm, including mixed-use projects, retail, restaurants, an office, and more. Connecting adjacent parcels across the alley and TIF district tax incentives are potentially available.
The leveled land was formerly home to the Lutheran Children Family Services building. The site fronts the heavily trafficked Madison Street commercial corridor, surrounded by residential communities within walking distance of the vibrant downtown. Numerous restaurants, bars, shopping, services, and entertainment fill the tranquil tree-lined streets.
Located about 10 miles west of Chicago's Loop, River Forest is a picturesque suburb known for its gorgeous architecture and lush natural beauty. River Forest contains densely wooded areas alongside the Des Plaines River, where its natural beauty contributes to the peaceful atmosphere. Traveling is easy, with access to the Blue and Green Line, the Metrarail's UP-W Line, and Interstate 290, in addition to O'Hare International Airport and Chicago Midway International Airport, which are less than 30 minutes away. This prime site at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue presents an ideal destination for development as a blank canvas in a buzzing community.
Property Facts
| Price | $2,107,020 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.70 AC |
| Property Type | Land | Parcel Numbers |
| Price | $2,107,020 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.70 AC |
| Parcel Numbers |
1 Lot Available
Lot
| Price | $2,107,020 CAD | Lot Size | 0.70 AC |
| Price Per AC | $3,010,029 CAD |
| Price | $2,107,020 CAD |
| Price Per AC | $3,010,029 CAD |
| Lot Size | 0.70 AC |
Located at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue, this 0.7-acre site is comprised of three parcels.
Walk Score ®
Walker's Paradise (91)
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Baskin Robbins | - | - | 3 min walk |
| Domino's Pizza | - | - | 3 min walk |
| Panda Cafe | Chinese | $$$ | 4 min walk |
| Dunkin' | Cafe | - | 3 min walk |
| Madison Park Kitchen | Burgers | $$ | 3 min walk |
| Chef Gaetano's Artisan Foods | Italian | $$$$$ | 4 min walk |
| Paciugo Gelato Caffe | - | - | 4 min walk |
| Yum Thai Restaurant | Thai | $ | 5 min walk |
| Papa John's | - | - | 5 min walk |
Retail |
||
|---|---|---|
| State Farm | Insurance | 3 min walk |
| United States Postal Service | Business/Copy/Postal Services | 4 min walk |
| Citizens Bank | Bank | 5 min walk |
| Play It Again Sports | Sporting Goods | 5 min walk |
| Do it Best | Hardware | 5 min walk |
| Jazzercise | Fitness | 11 min walk |
zoning
| Zoning Code | C2 (Commercial District) |
| C2 (Commercial District) |
Sale Advisor
Sale Advisor
-
Jessica Spencer - Village of River Forest
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7612-7620 W Madison St - Prime Development Opportunity in River Forest
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