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Listing provided courtesy of Parkvue Realty CorporationMREDas Distributed by MLSGrid- MLS# 12531607MLS Provider

7361 North AvenueRiver Forest, IL 60305

Commercial · 3,200 Sq. ft.
$600,000 Active

7361 North Avenue Overview

Time on Site:
124 days
Visits:
2

** ATTENTION COMMERCIAL / RETAIL INVESTORS ** This property consists of two renovated adjoining storefronts, each leased to long-term tenants, a Chiropractor and a Fitness Studio, in the charming village of River Forest, bordering Elmwood Park. Offering strong visibility along busy North Avenue (IL-64), which carries roughly 30,000 vehicles per day, the building includes the +/-2,200 SF unit at 7361 and the +/-1,000 SF space at 7363, forming a single-story retail/commercial structure on a 50'x118' 5,900 SF lot with an 8 car parking lot zoned R1. Located in an immediate western Chicago suburb, the asset is ideal for continued retail, service, office, or owner-operator use.

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7361 North Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 3,200
  • Price/Sq.ft. $188

Details

General

Association/HOA

  • Association Fee Frequency: Annually

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Scheduled Income: 75720
  • Net Operating Income: 41602

Building Information

  • Year Built: 1953

Business Information

  • Business Type: Retail

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: River Forest
  • Township: River Forest

Tax Information

  • Tax Annual Amount: $25,218.00
  • Tax Year: 2023

General Information

  • Parcel Number: 15012030080000
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 3200

General Information

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Leasable Area: 3200
  • Stories: 1

Unit Information

  • Unit SqFt.: 3200

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 50x118
  • Lot Size Square Feet: 5900

General Information

  • Number Of Units Total: 2

7361 North Avenue Neighborhood

Community

60305 (RIVER FOREST) Demographics

41
Median Age
4,393
Population Density (per sq. mile)
84%
College Educated
$125,288
Estimated Median Income
3,498
Estimated Total Home Owners
542
Estimated Total Renters
87% / 13%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7361 North Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7361 North Avenue Market Data

Based on the last 30 days in this zip code

$860,882
Average List Price
$437
Average Price per Square Foot
17
Properties Sold
43
Average Days on Market
35
Properties for Sale
Calculations provided by Reliance Network

7361 North Avenue History

Date Event Value Agent
3/2/2026Source: MRED Status Change
Active
2/25/2026Source: MRED Added to Database
February 25, 2026