Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Specialty properties

    1005 Lake St, Addison, IL 60101

    8,800 SF Built 1980
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • United Consumer Education Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1005 Lake St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message