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    991 W Lake St Addison, IL 60101

    Sponsored
    For Sale
    $749,900

    COMMERCIAL - Addison, IL

    Type:Retail
    Lot size:
    0.66 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 3:06 am

    Property Features for 991 W Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    0320113006
    Lot size
    0.66 Acres

    Utilities

    Utilities
    Cable Available
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Composition

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

    Listing agent Oralia Herrera (630) 543-7000

    Listing date Jan 6, 2026

    Copyright © 2026 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 Building For Sale

    This commercial property is located in Addison, Illinois. The free-standing brick building offers approximately 2,575 square feet of versatile office or retail space. The property benefits from high visibility on W Lake Street, with exposure to over 36,000 vehicles daily. The location is suitable for owner-users or investors seeking brand visibility. The property is surrounded by established businesses. It is suited for a range of professional, retail, restaurant, or service-oriented uses. Ample on-site parking is available. The purchase price includes two subdivided residential lots, offering additional value and future development potential. The lot size is 0.66 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WoodSpring Suites Chicago ... Extended Stay Hotel WOODHILLSPRINGS SUITES Hotel Americas Insurance AG Insurance Agency SELVIN'S LANDSCAPING - BRICK ... Landscaper BRICK- STONE & MASONRY ... Masonry Contractor

    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
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.014207
    Latitude
    41.9423423

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    FAQs

    What type of property is this?
    Retail space - High-visibility commercial building with parking and development potential.
    Where is this retail space located?
    The property is located at 991 W Lake St Addison, IL.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: - High-visibility location on W Lake Street with over 36,000 vehicles daily.; - Includes two subdivided residential lots for additional value and future development.; - Free-standing brick building with approximately 2,575 sq ft of versatile office/retail space.
    (630) 543-7000
    Request Owner's contact information
    991 W 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
    991 W Lake St Addison, IL 60101
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