1555 Lake StAddison, IL 60101

  • Other commercial real estate
  • 13.80 AC
For Sale

Property Details for 1555 Lake St

Lot size
13.80 AC
Property type
Other commercial real estate
APN
03-19-201-028
APU
319201028

Description

This exceptional commercial land opportunity presents multiple outlots for sale in Addison, Illinois, ranging from 0.75 to 1.18 acres. Ideally situated in front of a Marcus Theatres location, these pad sites benefit from high visibility and accessibility. The property enjoys a strategic location near the heavily trafficked intersection of Lake Street and Rohlwing Road, further enhanced by its proximity to the I-355 and Lake Street interchange, boasting over 140,000 vehicles daily. This ensures significant exposure to a large consumer base. The surrounding area is anchored by a robust mix of established retailers, including prominent names such as Walmart, Sam's Club, XSport Fitness, ALDI, Goodwill, Chamberlain University College of Nursing, and a Hampton Inn & Suites. This established retail environment provides a strong foundation for future development and ensures a thriving commercial landscape. The address is 1555 W Lake St, Addison, IL 60101, within DuPage County. These outlots represent a rare chance to acquire prime commercial land in a high-demand location with excellent visibility and access to a substantial customer base. The size options cater to a variety of development plans, making this an attractive investment opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $124,237,464
    Hospitality
    $113,800,848
    Educational
    $94,680,968
    Medical
    $97,937,192
    Retail
    $147,281,504
1555 Lake St, Addison, Illinois
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Location Insight

City
Addison
County
Dupage
State
Illinois
Latitude
41.9467
Longitude
-88.0265
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$253,703
$1,129,440
$2,316,950
$3,446,390
-
$3,388,320
$6,950,850
$10,339,170

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