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7359-7363 W North Ave 3,600 SF 100% Leased Retail Building River Forest, IL 60305 $825,918 CAD ($229.42 CAD/SF) 6.93% Cap Rate
Executive Summary
** 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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$104,231
|
$28.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,231
|
$28.95
|
| Taxes |
$36,111
|
$10.03
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,111
|
$10.03
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $104,231 |
| Annual Per SF | $28.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $104,231 |
| Annual Per SF | $28.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,111 |
| Annual Per SF | $10.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,111 |
| Annual Per SF | $10.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1949/2021
Price
$825,918 CAD
Price Per SF
$229.42 CAD
Cap Rate
6.93%
NOI
$57,266 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.14 AC
Zoning
B2
Parking
16 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
49’ on W North Ave
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-01-203-010-0000 | Total Assessment | $34,230 CAD |
| Land Assessment | $25,380 CAD | Annual Taxes | $36,111 CAD ($10.03 CAD/SF) |
| Improvements Assessment | $8,850 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
15-01-203-010-0000
Land Assessment
$25,380 CAD
Improvements Assessment
$8,850 CAD
Total Assessment
$34,230 CAD
Annual Taxes
$36,111 CAD ($10.03 CAD/SF)
Tax Year
2025
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7359-7363 W North Ave
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