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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

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      318 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      318 Madison St, Maywood, IL 60153-2151
      View Details
    • Value Estimation by Request
      0.08 Acres

      615 5th

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      615 5th, Maywood, IL 60153
      View Details
    • Value Estimation by Request
      0.33 Acres

      712 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.33 Acres
      712 5th Ave, Maywood, IL 60153
      View Details
    • Value Estimation by Request
      0.08 Acres

      1300 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      1300 5th Ave, Maywood, IL 60153-2127
      View Details
    • Value Estimation by Request
      0.08 Acres

      715 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      715 5th Ave, Maywood, IL 60153-2048
      View Details
    • Value Estimation by Request
      0.14 Acres

      35 19th Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      35 19th Ave, Maywood, IL 60153-2663
      View Details

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    Similar Nearby for Lease

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      Prime Storefront in Maywood, IL

      816 SF storefront in high-traffic area with growth potential.
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    310 Lk St
    Maywood, IL 60153-1628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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