Shopping Cart

You have no items in your shopping cart.

Property Detail

Madison Street
Level, 0.7-acre site open to a wide range of potential development ventures, ideal for mixed-use .
$1,500,000
Manufacturer: https://www.vrf.us/

Description

  • 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.

7612-7620 W Madison St

Listing ID : 00972

SKU: 972

Property Enquiry Form

Please fill the form below to know more about the property

Price History

DateEventPrice
December 17 2024Listed$1,500,000.00