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    550 E Lake St Addison, IL 60101

    For Sale
    $1,399,000

    Land - Addison, IL

    Lot size:
    4.00 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 550 E Lake St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0327119010
    Lot size
    4.00 Acres

    Building Details

    Architectural style
    Other

    Century 21 TK Realty (630) 543-7000 [email protected]

    Listing agent Julio E Lopez (630) 543-7000 License #475122617

    Listing date Nov 17, 2025

    MLS# 12187035 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

    Addison Commercial Land For Sale

    This 4-acre commercial site, zoned B-2 Community Business District, is already developed and has all utilities available. It offers visibility to Lake Street and easy access off I-290 from Highway IL 83. The property is surrounded by a hotel, gas station, medical offices, and a restaurant. The site is suitable for constructing two commercial properties, each up to 10,000 square feet. A developer is available to provide design and architecture services. The location is well-suited for retail and restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -87.974819
    Latitude
    41.928261

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    FAQs

    What type of property is this?
    Commercial land - 4-acre commercial site with utilities, zoned for business.
    Where is this commercial land located?
    The property is located at 550 E Lake St Addison, IL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Zoned B-2 Community Business District, ideal for retail and restaurant use.; - All utilities are already connected to the 4-acre site.; - High visibility on Lake St and easy access to I-290 from Highway IL 83.
    (630) 543-7000
    Request Owner's contact information
    550 E Lake St Addison, IL 60101
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    Addison, IL 60101
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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
    550 E Lake St Addison, IL 60101
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