1099 Lk St, Addison, IL 60101-2003
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.
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Ducati Recording Studio Recording Studio
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MD Financial Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Addison, ILAddison. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.