Property for Sale: 409 Lake, Maywood, IL 60153

$620,000
$620,000
409 Lake, Maywood, IL 60153
$620,000
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Price:
$620,000

Type Commercial
Year Built 1960

City Maywood
County Cook

MLS 11838497
Status Active
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

Lot & Building Features

Construction Brick
Cooling Wall Sleeve, Window Unit(s)
Tax Year 2022
Lot Dimensions 137.62 X 88.51 X 139.11 X 47.41 ft

Price History of 409 Lake, Maywood, IL

Date Name Price Difference
12/31/1969 Listing Price $620,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Carol Molnar
Direct: 708-227-3388
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by @properties Commercial, Michael Levin & Kevin Rocio
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1%
6.75%
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409 Lake (MLS #11838497) is a commercial listing located in Maywood, IL. This property was listed on 07/20/2023 and has been priced for sale at $620,000.

Nearby zip codes are 60104, 60124, 60155, 60160 and 60305. This property neighbors other cities such as Bellwood, Broadview, Elgin, Melrose Park and River Forest.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: @properties Commercial