Listed by Better Homes and Gardens Real Estate Connections
$1,050,000
421 Lake Street, Maywood, IL 60153
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,388
Year Built 1962
Acreage 0.400
Retail | 9,388 SqFt
Marketing description
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.
Listing Contacts
Listed by Better Homes and Gardens Real Estate Connections
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