409 Lake St | Maywood, IL 60153
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
409 Lake St
Maywood, IL 60153
409 Lake St, Maywood, IL 60153 · Retail Property For Sale
Investment Highlights
- 401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.)
- a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development.
- Paved side and rear-drive loading area and parking for about 20-plus cars.
- Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot,
- Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units.
- Zoning is C-2 Pedestrian-Oriented Commercial,
Executive Summary
401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and rear-drive loading area and parking for about 20-plus cars. The tire shop pays $1,000 a month and has a 10-year lease, the 2nd floor apt is a 2 bed 1 bath with a lease that started on Sept 1,2022 and pays $1,150 per month. The 3rd-floor 1 bed 1 bath tenant pays $850 a month. Zoning is C-2 Pedestrian-Oriented Commercial, walking distance to the Maywood Metra stop and close to area expressways. This great property provides the perfect opportunity for an Investor, Developer or end user to acquire a boutique mixed-use building and more, right in the heart of the vibrant Maywood shopping district neighborhood. 9,400 Vehicles pass this location a day (VPD), and it is just east of the bustling Intersection of 5th and Lake street. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside in rental potential or development. Area retailers and restaurants include - Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, Panaderia Puebla. Ownership will listen to all reasonable offers, do not bother tenant. Please call listing agent for a showing PIN NUMBERS - 15111250160000 - 15111250150000 - 15111250140000 15111250130000
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Year Built
1960
Price
£485,646
Price Per SF
£243
Tenancy
Multiple
Number of Floors
3
Building FAR
1.27
Lot Size
0.04 AC
Zoning
C-2 - C-2 MAYWOOD
Parking
8 Spaces
Frontage
139 ft on LAKE STREET
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Signage
PROPERTY TAXES
Parcel Number | 15-11-125-013-0000 | Improvements Assessment | £12,403 |
Land Assessment | £678 | Total Assessment | £13,081 |
PROPERTY TAXES
Parcel Number
15-11-125-013-0000
Land Assessment
£678
Improvements Assessment
£12,403
Total Assessment
£13,081
1 of 18
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP