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7459 Franklin St - Potential Transit-Oriented Development 2.5 Acres of Commercial Land in Forest Park, IL 60130
Investment Highlights
- Municipal Support for Redevelopment
- Near-Term Site Control (short-term, cancelable leases)
- Infill Location Adjacent to Oak Park
- Multifamily and/or Townhome Development Potential
- Strategically located in a TIF District
- Value Creation Through Repositioning
Executive Summary
7459 Franklin Street presents a rare opportunity to acquire a well-located infill redevelopment site in Forest Park, Illinois, with clear municipal support for residential conversion. Exact unit count subject to site plan, parking and municipal approvals.
•Acquisition of 100% of the equity interests in Mackie Family Properties, Inc. (the “Company”)
•The Company owns the real estate located at 7459 Franklin Street
•Village-supported transition from industrial to residential – Multifamily or Townhomes
•Strategically located within a TIF District, offering potential access to redevelopment incentives
•Acquisition of 100% of the equity interests in Mackie Family Properties, Inc. (the “Company”)
•The Company owns the real estate located at 7459 Franklin Street
•Village-supported transition from industrial to residential – Multifamily or Townhomes
•Strategically located within a TIF District, offering potential access to redevelopment incentives
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.50 AC |
| Property Type | Land | ||
| Zoning | I-2 - will likely need Planned Development | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.50 AC |
| Zoning | I-2 - will likely need Planned Development |
1 Lot Available
Lot
| Lot Size | 2.50 AC |
| Lot Size | 2.50 AC |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $67,539 CAD | |
| Land Assessment | $326,475 CAD | Total Assessment | $394,013 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$326,475 CAD
Improvements Assessment
$67,539 CAD
Total Assessment
$394,013 CAD
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7459 Franklin St - Potential Transit-Oriented Development
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