SQUARE FEET2,000
MLS#11838497
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
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 Features
Property Type: Commercial - Retail
Cooling: Wall Sleeve, Window Unit(s)
Lot Size: 0.21 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $12,197
Year Built: 1960
Feature Descriptions
Current Use: Commercial, Automotive
Electric: Circuit Breakers, Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Alarm On Site, Fire Extinguisher/s
Flooring: Carpet, Tile, Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, Public Road, State Road, Township Road
HVAC: Central Bldg Heat
Location: Central Business District, Public Transport Avail, In City Limits
Lot Dimensions: 137.62 X 88.51 X 139.11 X 47.41
Number of Tenant(s): 3
Parcel#: 15111250160000
Parking: 19-30 Spaces
Potential Use: Commercial, Retail
Tenant Pays: Electricity, Varies by Tenant
Units: 3
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Listed By / Shown By
Listed By
Agency Name: @properties Commercial
Agency Phone: 312-506-0200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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409 Lake Street | MLS# 11838497
This commercial property located at 409 Lake Street, Maywood, IL 60153 is currently listed for sale with an asking price of $620,000. Search Maywood real estate on www.bhhscrosby.com today.