409 Lake St Maywood, IL 60153
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Prime location, high-potential income.
Property size:
2,000 SFProperty Features for 409 Lake St
General Information
- Property type
- Mixed-use properties
- Square Feet
- 2,000 SF
Building Details
- Year Built
- 1960
- Buildings
- 2
- Stories
- 2
Listing Agency: @properties Commercial Listing Agent: Mike Levin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This Maywood, IL mixed-use property offers a compelling investment opportunity. Located at 409 Lake Street, this 2,000 square foot building sits on a 9,012 square foot lot and features two buildings, two stories, and C-2 zoning. Currently, the property boasts a 75% occupancy rate, generating income from a 10-year leased tire repair shop ($1,000/month), a two-bedroom, one-bathroom apartment ($1,150/month, leased since September 1, 2022), and a one-bedroom, one-bathroom apartment ($850/month). The property also includes a paved loading area and parking for over 20 vehicles. The building's prime location, near the Maywood Metra station and area expressways, benefits from high daily vehicle traffic (9,400 VPD) and proximity to established businesses like Walgreens and Taqueria El Duranguito. This property presents significant potential for increased rental income or redevelopment, making it an attractive option for investors and developers alike. The asking price is $620,000, with a price per square foot of $310. The property was built in 1960. Serious inquiries only
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Maywood Tire Shop ...
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Maywood
- County
- Cook
- State
- Illinois
- Longitude
- -87.8386277
- Latitude
- 41.8897131
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FAQs
What type of property is this?
Mixed-use property - Prime location, high-potential income.
Where is this mixed-use property located?
The property is located at 409 Lake St Maywood, IL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Mixed-use building at 401-409 Lake Street, Maywood, IL. Approximately 2,000 square feet on a 9,012 square foot lot.; Features a 2-story building with C-2 zoning, a paved loading area, and parking for over 20 vehicles.; Currently 75% occupied, generating monthly income of $3,000 from a 10-year leased tire repair shop ($1,000), a 2-bedroom/1-bathroom apartment ($1,150), and a 1-bedroom/1-bathroom apartment ($850).