IL > Maywood
Maywood, IL 60153,409 Lake ST
Maywood, IL 60153,409 Lake ST
Maywood, IL 60153,409 Lake ST
Maywood, IL 60153,409 Lake ST
Maywood, IL 60153,409 Lake ST
Maywood, IL 60153,409 Lake ST
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Kathy Jensen

Kathy Jensen

+1(773) 757-8864
$ 620,000
Est. payment | /mo

2,000 SqFt

Save
$ 620,000
Est. payment | /mo
Save

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 Electric to Site, Gas to Site, Sanitary Sewer, Water-Community, Water-Municipal, Water to Site

Roof Type Composition

Building

Dwelling Type Mixed Use

Level or Stories 3

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Levin • @properties Commercial
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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409 Lake ST