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421 Lake Street Maywood, IL 60153

$1,050,000
New / MLS# 12690366 / Commercial - Retail / Maywood
0 Beds
7739 SqFt

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.

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Baird & Warner Stephanie Mitchell, MB Home Team Agent Cell: 224.436.2232 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.36 Acres
Stories: 2.0
Taxes: $82,804
Year Built: 1962

Feature Descriptions

Electric: Circuit Breakers
Fire Protection: Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
HVAC: Central Heat/Indiv Controls
Lot Dimensions: 110X140
Parcel#: 15111250050000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 16

Location

See details and scored characteristics about this location.

Listing Office: Better Homes & Gardens Real Estate Connections

Listing Office Phone: 630-789-3030



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