Forest Park, IL Commercial Real Estate for Lease and Sale

Explore 10 listings of Forest Park commercial real estate to find the best space for your business.

Forest Park Retail Shopping Center

7736-48 Madison Street, Forest Park, IL
Property

Retail

12,000 SF
Availability

1 Space

1,200 SF
Year Built

1976
For Lease

$22.00/SF/YR
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7339 Madison Street
Suite Spotte
7339 Madison Street, Forest Park, IL
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

A/V equipment

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Lockable filing cabinets

Office furniture

On-street parking

Privacy booths

Standing desks
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10,000 SF Forest Park Flex Building

1540 Hannah Ave, Forest Park, IL
Property

Industrial

10,000 SF
Year Built

1971
For Sale

$1,555,555
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10,000 SF Forest Park Flex Building

1540 Hannah Ave, Forest Park, IL
Property

Industrial

10,000 SF
Availability

1 Space

10,000 SF
Year Built

1971
For Lease

$14.75/SF/YR
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7459 Franklin St

7459 Franklin St, Forest Park, IL
Property

Industrial

14,300 SF
Availability

4 Spaces

14,400 SF
Year Built

1974
For Lease Contact for pricing
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6,000 SF Single Tenant Industrial Building

1520 Hannah Avenue, Forest Park, IL
Property

Industrial

6,000 SF
Year Built

1971
For Sale

$750,000
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Harlem Plaza

1215 S Harlem Ave, Forest Park, IL
Property

Retail

9,081 SF
Availability

1 Space

1,100 SF
For Lease Contact for pricing
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Forest Park Retail Shopping Center

7736-48 Madison Street, Forest Park, IL
Property

Retail

12,000 SF
Year Built

1976
For Sale

Subject to Offer
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6,000 SF Single Tenant Industrial Building

1520 Hannah Avenue, Forest Park, IL
Property

Industrial

6,000 SF
Availability

1 Space

6,000 SF
Year Built

1971
For Lease

$9.75/SF/YR
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77,330 SF Available for Lease in Forest Park

7750 Industrial Dr, Forest Park, IL
Property

Industrial

77,330 SF
Availability

1 Space

77,330 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Forest Park commercial real estate market includes 33,081 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Forest Park market, there is a total of 123,630 square feet of industrial property.
The listing inventory in Forest Park incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Forest Park is represented by Industrial space, which accounts for 107,730 square feet of available listings. Retail space available in Forest Park adds up to 2,300 square feet.

Meanwhile, most of the listings of commercial property for sale in Forest Park are in the Industrial category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Forest Park, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $22 per square foot.
The average size of a commercial property in Forest Park depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- Retail properties here incorporate an average of 11,027 square feet.
- Industrial space in Forest Park is in buildings that are, on average 20,605 square feet in size.

Forest Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Forest Park currently add up to 110,030 square feet. Local retail availability includes 2,300 square feet across 2 retail space(s). Industrial space for rent opportunities in Forest Park amount to 107,730 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	2	2,300
Industrial	4	107,730

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Forest Park, IL. Currently, there is 28,000 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	1	12,000
Industrial	2	16,000

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Forest Park, IL Commercial Real Estate for Lease and Sale

Forest Park Retail Shopping Center

7339 Madison Street

10,000 SF Forest Park Flex Building

10,000 SF Forest Park Flex Building

7459 Franklin St

6,000 SF Single Tenant Industrial Building

Harlem Plaza

Forest Park Retail Shopping Center

6,000 SF Single Tenant Industrial Building

77,330 SF Available for Lease in Forest Park

Frequently Asked Questions

Forest Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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