409 Lake St Maywood, IL 60153
- Commercial real estate
- 0.05 lot acres
Current Use by Public Records
- Maywood Tire Shop Inc / Used Tire Shop / Auto Repair Shop
Property Details for 409 Lake St
- Year built
- 1960
- Lot size
- 0.05 lot acres
- Property type
- Commercial real estate
- APN
- 15-11-125-014
- APU
- 1511125014
Description
This exceptional Maywood, IL investment opportunity presents a 2,000 square foot, three-story mixed-use building situated on a 9,012.90 square foot lot. The property boasts a thriving tire repair shop tenant with a 10-year lease generating $1,000 monthly rent, plus two residential units: a two-bedroom, one-bathroom apartment renting for $1,150 monthly (lease started September 1, 2022) and a one-bedroom, one-bathroom apartment renting for $850 monthly. A separate 600 square foot brick commercial building is also included. The property features ample parking (20+ cars), paved loading areas, and is conveniently located near the Maywood Metra station and major expressways. With a C-2 Pedestrian-Oriented Commercial zoning designation and a daily vehicle count of 9,400, this location benefits from high visibility and foot traffic in a vibrant shopping district near Walgreens, Taqueria El Duranguito, and other established businesses. The substantial additional land offers significant potential for future commercial development. This property presents a rare chance to acquire an underutilized asset with considerable upside in rental income or redevelopment potential. All reasonable offers will be considered.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maywood
- County
- Cook
- State
- Illinois
- Longitude
- -87.8385
- Latitude
- 41.8897
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
