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    1099 Lake St Addison, IL 60101

    For Sale
    $874,900

    Lake Street Retail Building, Two Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Prime Addison location on busy Lake Street, this well-maintained, all-brick, free-standing building offers 5,328 square feet of retail space. Boasting two storefronts with separate entrances, the property features overhead doors in the rear opening to ceilings exceeding 16 feet in height. The building benefits from updated mechanicals and a new roof installed in 2017, ensuring low maintenance costs for the new owner. Several private offices and bathrooms provide ample space for staff and clients. With over 35,000 vehicles passing daily, this property offers unparalleled visibility and exposure, making it ideal for a variety of businesses. The high traffic count, combined with the desirable location and well-maintained structure, presents a fantastic investment opportunity with significant potential for growth and profitability. This property is situated in DuPage County, Illinois, at 1099 W Lake St, Addison, IL 60101. The asking price is $874,900. This is a rare opportunity to acquire a well-established retail property in a thriving commercial area. Don't miss out on this exceptional chance to own a piece of Addison's vibrant business landscape.

    Property Features for 1099 Lake St

    General Information

    Property type
    Land

    Building Details

    Units
    2

    HighLights

    • $874,900 asking price.
    • Retail and land property with two units in Addison, IL.
    • 5,328 square foot, well‑maintained, all‑brick free‑standing building.
    • Prime Lake Street location with high daily traffic count and excellent visibility.
    • Features two storefronts with separate entrances, overhead doors, updated mechanicals, and a new roof (2017).
    • Includes several private offices and bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ducati Recording Studio Recording Studio MD Financial Financial Institution

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0153486
    Latitude
    41.9431173

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    FAQs

    What type of property is this?
    Land - Lake Street Retail Building, Two Units
    Where is this land located?
    The property is located at 1099 Lake St Addison, IL.
    What is the asking price?
    The asking price for this property is $874,900.
    What are key features of this property?
    This property features: $874,900 asking price.; Retail and land property with two units in Addison, IL.; 5,328 square foot, well-maintained, all-brick free-standing building.
    Request Owner's contact information
    1099 Lake St Addison, IL 60101
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    Addison, IL 60101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1099 Lake St Addison, IL 60101
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