Four-Unit Restaurant
For Sale
$649,000
400 Lake Street, Maywood, IL 60153
Four commercial units house two businesses supported by long-term lease commitments.
Property Size5,325 SF
Days on Market120
Property Features for 400 Lake Street
General Information
Standard status
Active
Size
5,325 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$39,878
Building Details
Building Size
5,325 SF
Year Built
1980
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Baird & Warner
(847) 724-1855
Listed By:
Gina Kim
(847) 724-1855
Source:
Birdrealtysells
Added: Apr 12
Changed: Aug 9
Last Checked: Aug 9 at 12:26PM
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 Baird & Warner
Investment Insights
Based on property information with market context.
This four-unit commercial property at 400 Lake Street includes space occupied by a taqueria and a laundromat. Both businesses have undergone recent remodeling, providing updated interiors for the current occupants. The property was built in 1980 and carries COMMR zoning.
The two businesses operate under different lease terms: the laundromat has a 15-year lease, while the taqueria has a 10-year lease. The existing configuration combines restaurant and service-oriented commercial occupancy within one property.
The two businesses operate under different lease terms: the laundromat has a 15-year lease, while the taqueria has a 10-year lease. The existing configuration combines restaurant and service-oriented commercial occupancy within one property.
Key Highlights
- Four units occupied by two businesses
- Current occupants include a taqueria and laundromat
- 15‑year lease for the laundromat
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 10%
McDonald's
Dining
29,111 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
3,302 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Four commercial units house two businesses supported by long-term lease commitments.
Where is this conventional restaurant located?
The property is located at 400 Lake Street Maywood, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four units occupied by two businesses; Current occupants include a taqueria and laundromat; 15‑year lease for the laundromat
