7820 Madison St, River Forest, IL

Lathrop Ave

THE HINES LUMBER CO. SITE

Lot Size 74,664 sf./1.71 acres Zoning C2: Commercial Land Use Commercial/Retail/Mixed-Use

Washington Blvd

Washington Blvd

Harlem Ave

Madison St.
9th Ave 5th Ave 1st Ave

Cicero Ave

Hines Lumber Yard

Frontage 250 ft. on Madison St.; 410 ft. on Forest Ave.

290

Harrison St

PRI
Vine St. Village owned property available for future inclusion in a redevlopment plan River Forest Public Works 34,850 sf./0.8 acres

R2
Forest Ave

C2 R2
Inactive Subject Property 74,664 sf./1.71 acres

R2

410

C2
Good Earth Greenhouse Madison St. Approx 19,000 vehicle trips per day (Average Daily Traffic)

C2 C2

C2
250 Madison St.

B-1

B-1

B-1
e Bur Van

B-1 I-2
nS

DBD

DBD

R-3

PROPERTY INFORMATION
7820 Madison St, River Forest, IL
The Hines Lumber Co. operated a home center and lumber yard on the block located between Forest Avenue and railroad tracks to the east. The railroad tracks are operated by Canadian National and cross Madison Street at-grade. The use has been inactive for several years.

Oak Park Ave

Park Ave

POTENTIAL REDEVELOPMENT CONCEPTS

The River Forest Corridor Plan (adopted 2010) shows a range of potential redevelopment concepts for the subject property in order to demonstrate the sites development potential.

Outdoor Outdoor Storage Storage

Outdoor Storage

FOREST AVE

FOREST AVE

FOREST AVE

FOREST AVE

FOREST AVE

FOREST AVE

FOREST AVE

FOREST AVE

MADISON ST MADISON ST MADISON ST

MADISON ST MADISON ST MADISON ST

FOREST AVE MADISON ST MADISON ST MADISON ST

CONCEPT A
This concept has a 15,225 sf. commercial retail building fronting Madison St. with 80 parking spaces provided at the rear of the building for greater flexibility depending on the type of use proposed. This concept also includes a relocated auto service facility located at the northern portion of the site.

CONCEPT B
This concept maximizes the commercial potential of the site. A 24,000 sf. commercial retail building fronts Madison Street, with 103 parking spaces provided in the rear of the site.

CONCEPT C
A 11,250 sf. commercial retail building fronts Madison Street and 12 row-house units, with rear-loaded garages, are located on the northern portion of the site with a total of 52 parking spaces. The multi-family housing provides increased compatibility with adjacent residential areas along Forest Avenue.

*It is also important to note that the Village of River Forest is open to the idea of including the Public Works facility (located to the north of the subject property) in any redevelopment plan for the Hines Lumber Site.

RETAIL GAP ANALYSIS

Summary Demographics 2010 Population 2010 Households 2010 Median Disposable Income 2010 Per Capita Income 5 Minute Drive 145,530 55,940 $48,575 $31,169 Retail Gap ($M) $11.30 $26.70 $38.40 $22.00 $12.20 $3.20 $112.10 $10.30 $21.60 $61.70 For more information contact:
Eric Palm, Village Administrator epalm@vrf.us (708) 714-3520 or Michael Braiman, Assistant Village Administrator mbraiman@vrf.us (708) 714-3554

Summary Demographics 2010 Population 2010 Households 2010 Median Disposable Income 2010 Per Capita Income

10 Minute Drive 770,632 250,134 $42,922 $21,584 Retail Gap ($M) $43.10 $19.60

Industry Group Furniture & Home Furnishings Stores Electronics & Appliance Stores Bldg Materials, Garden Equip. & Supply Stores Food & Beverage Stores Health & Personal Care Stores Clothing and Clothing Accessories Stores General Merchandise Stores Miscellaneous Store Retailers Nonstore Retailers Food Services & Drinking Places
Source: ESRI Business Analyst ; Houseal Lavigne Associates

Demand $51,490,419 $42,132,141 $61,280,273 $58,057,717 $73,316,637 $211,064,056 $26,155,007 $75,580,049

Supply $40,201,126 $15,440,657 $22,894,675 $36,035,338 $61,113,875 $18,325,255 $99,000,439 $15,892,877 $54,015,442

Industry Group Electronics & Appliance Stores Health & Personal Care Stores Food Services & Drinking Places

Demand $151,406,838 $943,929,214

Supply $108,312,334

Furniture & Home Furnishings Stores $181,327,807

$140,364,234 $41.00

$210,804,389 $191,201,680

$275,069,857 $259,808,254 $15.30

$898,932,212 $45.00

Source: ESRI Business Analyst ; Houseal Lavigne Associates

Sporting Goods, Hobby, Book, and Music Stores $21,478,168

$259,914,436 $198,176,352