409 Lake Street
Maywood, IL, 60153
$620,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD11838497 image #0
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

Property Details

Price:
$620,000
MLS #:
MRD11838497
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
maywood
Listed Date:
Jul 20, 2023
Total Sq Ft:
2,000
Year Built:
1960
MaywoodMaywood

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Schools

Interior

Cooling
Wall Sleeve, Window Unit(s)
Flooring
Carpet, Tile, Varies

Exterior

Construction Materials
Brick
Roof
Composition
Stories
3

Financial

Tax Year
2022
Taxes
$12,197

Map

Community

Market Summary

Current real estate data for Commercial in Maywood as of May 15, 2026
10
Commercial Listed
537
Avg DOM
$438,870
Avg List Price

Property Summary

    409 Lake Street Maywood IL is a Commercial for sale in Maywood, IL, 60153. It is listed for $620,000

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409 Lake Street
Maywood, IL