Leased Retail and Garage
For Sale
Contact for pricing
Pending
307 Lake St, Maywood, IL 60153
Leased storefront and garage with individually metered utilities and extensive recent interior and systems upgrades.
Property SizeContact for details
Days on Market150
Property Features for 307 Lake St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
AAA PROPERTY GROUP
Listed By:
Real Estate · License #IL 471.006440
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 6 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AAA PROPERTY GROUP
Investment Insights
Based on property information with market context.
This leased property includes a store unit and adjacent garage space, with utilities configured to support flexible operations. The store unit utilities are individually metered for electric, gas, and water. The garage space has an electric meter only, and gas to the garage is currently supplied from the 309 unit; the garage has a heater and an insulated garage door. The seller notes the garage can be locked off from the storefront and rented individually, with the installation of a gas meter and line from the Nicor gas header required if separately leased.
The building is described as being in great shape inside and out, with extensive new installations completed, including interior walls, insulation, drywall, electrical conduit and wire, lighting fixtures, a three-meter service entrance, copper water lines, fixtures, 20-gallon electric water heaters, windows, doors, high-efficiency furnaces, A/C and ductwork, and epoxy floors. Roof maintenance was performed this year on the store units, including minor repairs and sealing. New garage peak siding and some soffit were also installed, and the West gutter and fascia were replaced or repaired.
The property is offered as a current income-producing asset with existing tenants operating in an automobile electronic services capacity and a barber shop. The seller indicates the nearby building next door at 216 N. 3rd is also for sale and may be available as a package deal.
The building is described as being in great shape inside and out, with extensive new installations completed, including interior walls, insulation, drywall, electrical conduit and wire, lighting fixtures, a three-meter service entrance, copper water lines, fixtures, 20-gallon electric water heaters, windows, doors, high-efficiency furnaces, A/C and ductwork, and epoxy floors. Roof maintenance was performed this year on the store units, including minor repairs and sealing. New garage peak siding and some soffit were also installed, and the West gutter and fascia were replaced or repaired.
The property is offered as a current income-producing asset with existing tenants operating in an automobile electronic services capacity and a barber shop. The seller indicates the nearby building next door at 216 N. 3rd is also for sale and may be available as a package deal.
Key Highlights
- Currently leased storefront and garage on Lake st with two tenants: an automobile electronic services company and a barber shop
- Extensive NEW interior/system upgrades: 2x4 walls, insulation, drywall, electrical conduit/wire, lighting fixtures, windows, doors, and epoxy floors
- Utilities include individually metered storefront units (electric, gas, water); garage has electric meter only, with gas supplied from 309 unit
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 10%
Apparel 2%
McDonald's
Dining
29,111 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
3,302 visits/mo
0.3 miles
Clarks
Apparel
720 visits/mo
0.3 miles
Demographics for 60153, IL
23,512
Population
8,385
Households
2.8
Avg Household Size
36
Median Age
17%
College-Educated
79%
High-School Grad
2.8 sq mi
ZIP Area
8,397
Density / Sq Mi
$66,498
Median Household Income
$40,734
Median Earnings
$1,203
Median Rent
$212,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Leased storefront and garage with individually metered utilities and extensive recent interior and systems upgrades.
Where is this storefront property located?
The property is located at 307 Lake St Maywood, IL.
What are key features of this property?
This property features: Currently leased storefront and garage on Lake st with two tenants: an automobile electronic services company and a barber shop; Extensive NEW interior/system upgrades: 2x4 walls, insulation, drywall, electrical conduit/wire, lighting fixtures, windows, doors, and epoxy floors; Utilities include individually metered storefront units (electric, gas, water); garage has electric meter only, with gas supplied from 309 unit
