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    1099 Lake St Addison, IL 60101

    Sponsored
    For Sale
    $824,900

    High-traffic retail building, excellent visibility.

    Property size:
    5,328 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5,328 square foot retail building is situated on highly desirable Lake Street in Addison, Illinois. Boasting unparalleled visibility with over 35,000 cars passing daily, this property offers a fantastic opportunity for a variety of businesses. The well-maintained, all-brick, free-standing structure features two storefronts with separate entrances, providing flexibility for multiple tenants or a single large operation. The rear of the building includes overhead doors opening to ceilings exceeding 16 feet in height, ideal for storage or specialized uses. The interior includes several private offices and bathrooms, catering to a range of business needs. Mechanical systems have been updated, and a new roof was installed in 2017, ensuring low maintenance costs and long-term value. This prime location, combined with the building's versatile layout and recent improvements, presents an exceptional investment opportunity for discerning buyers seeking high-traffic exposure and a well-maintained property. The property is offered at $824,900. Don't miss this chance to establish your business in a thriving Addison location.

    Property Features for 1099 Lake St

    General Information

    Property type
    Retail properties
    Square Feet
    5,328 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Ducati Recording Studio Recording Studio MD Financial Financial Institution

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.01537
    Latitude
    41.94311

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail building, excellent visibility.
    Where is this retail property located?
    The property is located at 1099 Lake St Addison, IL.
    What is the asking price?
    The asking price for this property is $824,900.
    (630) 543-7000
    Request Owner's contact information
    1099 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
    1099 Lake St Addison, IL 60101
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