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Property profile & analytics

310 Lk St Maywood, IL 60153-1628

  • Retail space
  • 672 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimation
$275,000
Location Intelligence
Property ID
US28-2724254
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Lakeview Motors Inc / Used Car Dealer

Property Details for 310 Lk St

Year built
1947
Lot size
0.06 lot acres
Property size
672 SF
Property type
Retail space
APN
15-11-137-016
APU
1511137016

Description

This exceptional investment opportunity presents a thriving used car lot in Maywood, Illinois. Located at 310 Lake St, 60153, this property encompasses five parcels totaling a substantial area. The lot comfortably accommodates up to 75 vehicles and includes a sizable garage. In addition to the main lot, two additional buildings provide valuable office space and restrooms. Built in 1971, the property is classified as Class B and zoned B-3. The current annual net operating income (NOI) stands at $90,000, yielding a compelling 12.88% capitalization rate. The asking price is $698,888. This property offers significant potential for continued rental income or redevelopment to suit a variety of business ventures. The prime location and existing infrastructure make this a truly unique opportunity for investors seeking strong returns and diverse operational possibilities. Don't miss this chance to acquire a well-established business with substantial income potential and significant upside.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $250,000
  • CAP approach

    CAP return
    Estimation
    6%
    $335,000
    6.5%
    $305,000
    7%
    $305,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $345,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $360,000
    Retail
    $280,000
    Mixed-Use
    $340,000
    Hospitality
    $285,000
    Educational
    $295,000
    Residential Income
    $320,000
    Energy
    $270,000
    Income-Based Land
    $315,000
    Food Service
    $280,000

Location Insight

  • Map
  • Local Demand
City
Maywood
County
Cook
State
Illinois
Longitude
-87.8375
Latitude
41.8892
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
2022
$5,997
$6,902
$3,750
$10,652
-
$27,608
$15,000
$42,608
More about this property
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