421 Lake Street, Maywood, IL

$1,050,000

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About 421 Lake Street

Presenting a rare 9,388 SF two-story mixed-use commercial building zoned C-2 Pedestrian-Oriented Commercial, strategically positioned along a high-visibility corridor with exceptional foot and vehicle traffic. Located on a bustling thoroughfare serviced by bus stops on both the commercial and residential sides, this property delivers the kind of accessibility and exposure that drives consistent tenant demand and long-term value.Key Highlights 12 fully renovated residential units on the second floor, all currently leased, providing immediate and steady rental income 4 ground-floor commercial units leased to a vibrant tenant mix including a restaurant, salon, and retail businesses 1,500+ SF of private rear industrial-style space currently used as an automotive warehouse, ideal for storage, light industrial use, or additional rental income. Surrounded by thriving local businesses with strong car counts and pedestrian flow. 2024 Property Taxes: $82,804. This is a fully performing, income-generating asset in a prime transit-oriented location, turnkey for the investor looking for diversified revenue streams under one roof.

Features of 421 Lake Street

MLS® # 12690360
Price $1,050,000
Bathrooms 0.00
Year Built 1962
Type Commercial Sale
Sub-Type Mixed Use
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 38
Zoning RTAIL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBetter Homes & Gardens Real Estate Connections

Listing Map

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