


409 Lake StreetMaywood, IL 60153
Commercial · 2,000 Sq. ft.409 Lake Street Overview
- Time on Site:
- 1075 days
- Visits:
- 11
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
409 Lake Street Facts & Features
- Type Commercial
- Sq. ft. 2,000
- Price/Sq.ft. $310
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Existing Lease Type: Gross
- Fuel Expense: 0
- Gross Income: 36000
- Gross Scheduled Income: 36000
- Insurance Expense: 0
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 1960
Business Information
- Current Use: Commercial,Automotive
Location/Region
- County Or Parish: Cook
- MLS Area Major: Maywood
Rent/Lease Information
- Tenant Pays: Electricity, Varies by Tenant
Tax Information
- Tax Annual Amount: $12,197.00
- Tax Year: 2022
General Information
- Parcel Number: 15111250160000
- Possible Use: Commercial,Retail
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Information
- Retail SqFt.: 900
Building Interior
- Building Area Total: 2000
General Information
- Cooling: Wall Sleeve, Window Unit(s)
- Electric: Circuit Breakers, Service - 201 to 600 Amps
- Flooring: Carpet, Tile, Varies
- Foundation Details: Concrete Perimeter
- Stories: 3
Exterior
Lot Information
- Additional Parcels: Yes
- Frontage Type: City Street,Public Road,State Road,Township Road
- Lot Size Dimensions: 137.62 X 88.51 X 139.11 X 47.41
- Lot Size Square Feet: 9012
- Water Source: Community Water, Municipal Water
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Composition
General Information
- Number Of Units Total: 3
- Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available
















