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409 Lake St Maywood, IL 60153

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For Sale
Contact for pricing

Prime location, high-potential income.

Property size:
2,000 SF

Property 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

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Listing Contact
Mike Levin
Mike Levin

Listing Agency: @properties Commercial Listing Agent: Mike Levin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Maywood
County
Cook
State
Illinois
Longitude
-87.8386277
Latitude
41.8897131

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).
(847) 977-5389 Call to check price and availability
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