409 Lake St - Freestanding FOR SALE


Maywood, IL 60153
$620,000 USD
847-977-5389
409 Lake St, Maywood, IL for Sale
$620,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

409 Lake St
Maywood, IL 60153


HIGHLIGHTS

  • 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.
  • Zoning is C-2 Pedestrian-Oriented Commercial,

OVERVIEW

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

FOR SALE DETAILS

PRICE

$620,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

409 Lake St, Maywood, IL 60153

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,574 SF

ZONING

C-2

APN/PARCEL ID

15-11-125-013-0000

ASK ABOUT THIS PROPERTY

Mike Levin@ Properties CommercialMore Info
847-977-5389

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Mike Levin@ Properties CommercialMore Info
847-977-5389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.