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    Property profile & analytics
    OFF-MARKET Estimated value $915,000
    Commercial real estate

    1099 Lk St, Addison, IL 60101-2003

    5,328 SF 0.51 ac lot Built 1988
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-1372917
    Property summary
    AI-generated overview

    This exceptional 5,328 square foot retail building is situated on highly desirable Lake Street in Addison, Illinois. Boasting unparalleled visibility with over 35,000 cars passing daily, this property offers a fantastic opportunity for a variety of businesses. The well-maintained, all-brick, free-standing structure features two storefronts with separate entrances, providing flexibility for multiple tenants or a single large operation. The rear of the building includes overhead doors opening to ceilings exceeding 16 feet in height, ideal for storage or specialized uses. The interior includes several private offices and bathrooms, catering to a range of business needs. Mechanical systems have been updated, and a new roof was installed in 2017, ensuring low maintenance costs and long-term value. This prime location, combined with the building's versatile layout and recent improvements, presents an exceptional investment opportunity for discerning buyers seeking high-traffic exposure and a well-maintained property. The property is offered at $824,900. Don't miss this chance to establish your business in a thriving Addison location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1988
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,328 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code C
    APN 03-20-112-027
    UPID US28-1372917
    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
    • Ducati Recording Studio Recording Studio
    • MD Financial Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $697k
    Blend (final) Blend
    $915k
    Owner & transaction history
    La Luz LLC
    La Luz LLC
    since 2025
    Last sale
    $790,000
    3 recorded transactions
    2025
    $790,000
    2017
    $619,000
    2001
    $600,000
    Zoning & alternative use
    C · Addison, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.2M +4.4%
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