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409 Lake St Maywood, IL 60153

Sponsored
For Sale
$620,000

Prime location, high-potential income.

Property size:
2,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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 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

HighLights

  • 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).
  • Excellent location near the Maywood Metra station and expressways, with high daily vehicle traffic (9,400 VPD), and proximity to established businesses.
  • Asking price: $620,000 ($310 per square foot), built in 1960.
Property Profile Location Intelligence

Current Use by Public Records

Maywood Tire Shop ... Used Tire Shop

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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).
More about this property
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