421 Lake Street, Maywood, IL

$1,250,000

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About 421 Lake Street

Presenting a 9,388 SF, two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, ideally positioned in a high-visibility corridor with both heavy foot and vehicle traffic. Located on a bustling thoroughfare with bus stops on both the commercial and residential sides, this property offers exceptional exposure and accessibility. Key Highlights: 12 fully renovated residential units on the second floor - all fully leased, providing steady rental income. 4 ground-floor commercial units, leased to a dynamic mix of modern tenants including a restaurant, salon, and retail businesses. Over 1,500 SF of private rear industrial-style space, currently utilized as an automotive warehouse - perfect for storage, light industrial, or additional rental income. Surrounded by thriving local businesses, this property benefits from high car counts and strong pedestrian flow, making it an ideal, income-generating investment in a prime, transit-oriented location. Property taxes have been appealed and won but have not been updated by cook county. New taxes reflected may be around $77,000.

Features of 421 Lake Street

MLS® # 12429305
Price $1,250,000
Bathrooms 0.00
Acres 0.00
Year Built 1962
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 421 Lake Street
Area Maywood
City Maywood
County Cook
State IL
Zip Code 60153

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 82
Zoning RTAIL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBetter Homes & Gardens Real Estate Connections
Contact Info630-789-3030

Listing Map

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