$620,000
Active
40 Days Online
0 Beds0 Baths2,000 SQFT
Active

409 Lake Street Maywood, IL 60153

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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 TypeCommercial
  • NeighborhoodN/A
  • CountyCook
  • Taxes$12,197
  • HOA/Condo/Coop Fees$0
  • Days on Site40 Days
  • MLS StatusActive
  • MLS ID Number11838497
  • Home Size Source N/A
  • Year Built1960
  • Lot Size Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Electric Circuit Breakers
  • Number of Stories 3
  • Foundation Concrete Perimeter
  • Zoning COMMR
  • Number Of Stories 3

Interior Features

  • Cooling Wall SleeveWindow Unit(s)
  • Flooring CarpetTileVaries
  • Utilities Electric to SiteGas to SiteSanitary SewerWater-CommunityWater-MunicipalWater to Site

Exterior Features

  • Roof Composition
  • Construction Details Brick

Community Features

  • MLS Area Maywood

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Monthly Payment (Est.)

$2,999
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