Property profile

1005 Lake St Addison, IL 60101

OFF-MARKET
Specialty properties
8,800 SF Built 1980
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Property summary

AI-generated overview

This exceptional 2,000 square foot commercial space is available for lease at 1005 W Lake St in Addison, IL. Located in a Class A building (8,800 total square feet) constructed in 1980 and renovated in 2024, this unit offers a flexible layout suitable for various uses including traditional office, coworking, medical office, creative office, or executive office spaces. The space boasts a prime location on busy Lake Street, ensuring high visibility and easy access from major roadways, I-355 and I-290. The property features ample on-site parking, a significant advantage for both employees and clients. The open floor plan allows for customization to meet specific business needs, and the space is equipped with updated utilities and infrastructure. This move-in ready space is situated within a thriving commercial corridor in Addison, surrounded by successful businesses and residential communities, offering significant growth potential. The zoning is C, B-2, and the APN is 03-20-112-030. This is an ideal opportunity for businesses seeking a high-traffic location with convenient amenities and the flexibility to create a customized workspace. The minimum divisible space is 2,000 square feet, with a maximum contiguous space of 2,000 square feet. The asking rent is $16 per square foot, approximately $3100 per month.

Property profile

Verified
Property type Specialty properties
Year built 1980
Total area 8,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor

Location

1005 Lake St Addison, IL 60101
Addison metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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