409 Lake St Maywood, IL 60153

The property at 401-409 Lake Street in Maywood is a commercial mixed-use building with masonry construction. The approximately 2,000-square-foot building sits on a 9,012.90-square-foot lot. It includes a 3-story commercial mixed-use building, a parking lot, and a small, approximately 600-square-foot brick commercial building, with additional land suitable for potential commercial development. The first floor features a retail showroom currently configured as a tire repair shop, along with two residential units on the upper floors. A paved side and rear drive provides loading access and parking for over 20 vehicles. The tire shop has a 10-year lease and pays $1,000 per month. The second-floor apartment, a 2-bed, 1-bath unit, has a lease that started on September 1, 2022, and generates $1,150 in monthly rent. The third-floor 1-bed, 1-bath unit is leased for $850 per month. Zoned C-2 Pedestrian-Oriented Commercial, the property is within walking distance of the Maywood Metra stop and near area expressways. This property presents an opportunity for investors, developers, or end-users to acquire a mixed-use building in the Maywood shopping district. The location sees approximately 9,400 vehicles per day (VPD) and is just east of the intersection of 5th and Lake Street. Area retailers and restaurants include Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, and Panaderia Puebla.