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    421 Lake St Maywood, IL 60153

    For Sale
    $1,050,000

    Restaurant - Maywood, IL

    Property size:
    7,739 SF
    Days on Market:
    21
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 421 Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    15111250050000
    Size
    7,739 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Number of units
    16
    Architectural style
    Other

    Better Homes and Gardens Real Estate Connections (708) 295-6619 [email protected]

    Listing agent Noemi Trujillo (630) 789-3030 License #475199556

    Listing date Nov 23, 2025

    MLS# 12429305 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in High-Traffic Area

    This is a 9,388 square foot, two-story mixed-use commercial building. It is zoned C-2 Pedestrian-Oriented Commercial and is located in a high-visibility corridor with heavy foot and vehicle traffic. The property is situated on a bustling thoroughfare with bus stops on both the commercial and residential sides, offering exceptional exposure and accessibility. The building features 12 fully renovated residential units on the second floor, all of which are fully leased and provide steady rental income. There are also 4 ground-floor commercial units, leased to a mix of tenants including a restaurant, salon, and retail businesses. Additionally, the property includes over 1,500 square feet of private rear industrial-style space, currently utilized as an automotive warehouse, suitable for storage, light industrial use, or additional rental income. The property benefits from high car counts and strong pedestrian flow, making it an income-generating investment in a prime, transit-oriented location. The property size is 7,739 square feet. Property taxes for 2024 are $82,804.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mex-En Tu Casa Mexican Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maywood
    County
    Cook
    State
    Illinois
    Longitude
    -87.8388987
    Latitude
    41.8898349

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with residential and commercial units.
    Where is this mixed-use property located?
    The property is located at 421 Lake St Maywood, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - High-visibility location in a high-traffic corridor with excellent exposure and accessibility.; - 12 fully leased, renovated residential units providing steady rental income.; - Four ground-floor commercial units leased to a diverse mix of modern tenants.
    (630) 789-3030
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    421 Lake St Maywood, IL 60153
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    Maywood, IL 60153
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Lake St Maywood, IL 60153
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