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    OFF-MARKET
    Residential income homes

    512 Lk St, Maywood, IL 60153-1652

    2,250 SF 0.06 ac lot Built 1903
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-0784035
    Property summary
    AI-generated overview

    This exceptional 2,250 square foot commercial property located at 512 Lake Street in Maywood, Illinois presents a fantastic business opportunity. Previously a successful tire changing business, this building offers significant potential for a variety of auto repair ventures. The spacious layout provides ample room for various services and equipment. Entrepreneurs will appreciate the building's size and the possibilities it offers for customization and expansion. Buyers are encouraged to confirm permitted uses with the Village of Maywood to explore all potential applications. The property is being sold "as is," reflecting its current condition and providing an opportunity for buyers to renovate and tailor the space to their specific needs. All offers must include an addendum and proof of funds. Please note that the listed tax amount does not reflect any potential exemptions. This is a rare chance to acquire a well-situated commercial building in a vibrant community, ready for a new chapter. The property is situated on a lot with no acreage specified. The asking price for this prime commercial real estate is $95,000. Don't miss this chance to invest in a promising business venture in a desirable location. Serious inquiries only.

    Property profile
    Verified
    Property type Residential income homes
    Use group APARTMENT HOUSE (UNDER 5 UNITS)
    Year built 1903
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,250 SF
    Lot 0.06 ac (2,400 SF)
    APN 15-11-135-003
    UPID US28-0784035
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Greymorr Real Estate LLC · 2 yrs held
    Greymorr Real Estate LLC
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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