Listing provided courtesy of @properties CommercialMREDas Distributed by MLSGrid- MLS# 11838497MLS Provider

409 Lake StreetMaywood, IL 60153

Commercial · 2,000 Sq. ft.
$620,000 Active

409 Lake Street Overview

Time on Site:
1075 days
Visits:
11

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

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409 Lake Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,000
  • Price/Sq.ft. $310

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Existing Lease Type: Gross
  • Fuel Expense: 0
  • Gross Income: 36000
  • Gross Scheduled Income: 36000
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1960

Business Information

  • Current Use: Commercial,Automotive

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Maywood

Rent/Lease Information

  • Tenant Pays: Electricity, Varies by Tenant

Tax Information

  • Tax Annual Amount: $12,197.00
  • Tax Year: 2022

General Information

  • Parcel Number: 15111250160000
  • Possible Use: Commercial,Retail
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Information

  • Retail SqFt.: 900

Building Interior

  • Building Area Total: 2000

General Information

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Flooring: Carpet, Tile, Varies
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,Public Road,State Road,Township Road
  • Lot Size Dimensions: 137.62 X 88.51 X 139.11 X 47.41
  • Lot Size Square Feet: 9012
  • Water Source: Community Water, Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

409 Lake Street Neighborhood

Community

60153 (Maywood) Demographics

37
Median Age
7,791
Population Density (per sq. mile)
23%
College Educated
$56,623
Estimated Median Income
4,780
Estimated Total Home Owners
2,854
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

409 Lake Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

409 Lake Street Market Data

Based on the last 30 days in this zip code

$315,257
Average List Price
$188
Average Price per Square Foot
10
Properties Sold
66
Average Days on Market
73
Properties for Sale
Calculations provided by Reliance Network