Property profile

1555 WEST Lake St Addison, IL 60101

FOR SALE
Commercial real estate
Property ID
US28-4818788
13.8 ac lot
Entity Owned 28-yr Hold Absentee Owner Free & Clear
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1555 WEST Lake St, Addison, IL 60101 For Sale
$450,000
1555 WEST Lake St, Addison, IL 60101
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 13.8 ac (601,128 SF)
APN 03-19-201-028
UPID US28-4818788

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cinema Theater & Performing Art Venue

Location

1555 WEST Lake St Addison, IL 60101
Addison metro Census 840304 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2025
Last sale
$375,000
1 recorded transaction
2025
$375,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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