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$ 620,000
Est. payment | /mo
2,000 SqFt
$ 620,000
Est. payment | /mo
2,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $310
MLS Listing ID 11838497
Year Built 1960
Annual Tax Amount $12,197
Tax Year 2022
Lot Dimensions 137.62 X 88.51 X 139.11 X 47.41
Property Sub-Type Mixed Use
Property Description
401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and rear-drive loading area and parking for about 20-plus cars. The tire shop pays $1,000 a month and has a 10-year lease, the 2nd floor apt is a 2 bed 1 bath with a lease that started on Sept 1,2022 and pays $1,150 per month. The 3rd-floor 1 bed 1 bath tenant pays $850 a month. Zoning is C-2 Pedestrian-Oriented Commercial, walking distance to the Maywood Metra stop and close to area expressways. This great property provides the perfect opportunity for an Investor, Developer or end user to acquire a boutique mixed-use building and more, right in the heart of the vibrant Maywood shopping district neighborhood. 9,400 Vehicles pass this location a day (VPD), and it is just east of the bustling Intersection of 5th and Lake street. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside in rental potential or development. Area retailers and restaurants include - Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, Panaderia Puebla. Ownership will listen to all reasonable offers, do not bother tenant. Please call listing agent for a showing PIN NUMBERS - 15111250160000 - 15111250150000 - 15111250140000 15111250130000
Location
State IL
County Cook
Area Maywood
Zoning COMMR
Interior
Cooling Wall Sleeve, Window Unit(s)
Flooring Carpet, Tile, Varies
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Roof Type Composition
Building
Dwelling Type Mixed Use
Water Community Water, Municipal Water
Structure Type Brick
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Listed by Michael Levin • @properties Commercial
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Sarah Leonard
Broker | Owner