409 Lake St Maywood, IL 60153

The commercial mixed-use building at 401-409 Lake Street in Maywood features masonry construction. The building is approximately 2,000 square feet and sits on a 9,012.90 square foot lot. The property includes a three-story mixed-use building, a parking lot, and a small, approximately 600 square foot brick commercial building, with additional land available for potential commercial development. The first floor features a retail showroom currently built out as a tire repair shop, and there are two residential units. A paved side and rear drive provides loading access and parking for over 20 cars. The tire shop has a 10-year lease and pays $1,000 per month. The second-floor apartment is a two-bedroom, one-bath unit with a lease that started September 1, 2022, at $1,150 per month. The third-floor one-bedroom, one-bath tenant pays $850 per month. Zoned C-2 Pedestrian-Oriented Commercial, the property is within walking distance of the Maywood Metra stop and close to area expressways. This property offers an opportunity for investors, developers, or end-users to acquire a mixed-use building in the Maywood shopping district neighborhood. Approximately 9,400 vehicles pass the location daily. It is located 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.