417-421 Lake St - Storefront Retail/Residential FOR SALE


Maywood, IL 60153
$1,250,000 USD
708-642-9566
417-421 Lake St, Maywood, IL for Sale
$1,250,000 USD
Storefront Retail/Residential - FOR SALE
1/54
null | 11.08% Cap Rate

417-421 Lake St
Maywood, IL 60153


HIGHLIGHTS

  • Corner Lot
  • High-visibility Corridor
  • Heavy Foot Traffic
  • Bus Stops on both Commercial and Residential Streets
  • High Car Counts

OVERVIEW

Presenting a 9,388 SF, two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, ideally positioned in a high-visibility corridor with both heavy foot and vehicle traffic. Located on a bustling thoroughfare with bus stops on both the commercial and residential sides, this property offers exceptional exposure and accessibility. Key Highlights: 12 fully renovated residential units on the second floor - all fully leased, providing steady rental income. 4 ground-floor commercial units, leased to a dynamic mix of modern tenants including a restaurant, salon, church (Iglesia de Dios), and retail businesses. Over 1,500 SF of private rear industrial-style space, currently utilized as an automotive warehouse - perfect for storage, light industrial, or additional rental income. Surrounded by thriving local businesses, this property benefits from high car counts and strong pedestrian flow, making it an ideal, income-generating investment in a prime, transit-oriented location. Property taxes have been appealed and won but have not been updated by cook county. New taxes reflected may be around $77,000.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

11.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Auto Repair, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C-2

APN/PARCEL ID

15-11-125-005-0000

ASK ABOUT THIS PROPERTY

Jeremy VitellBetter Homes & Gardens Real Estate ConnectionsMore Info
708-642-9566

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Jeremy VitellBetter Homes & Gardens Real Estate ConnectionsMore Info
708-642-9566

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