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® # | 12690366 |
|---|---|
| Price | $1,050,000 |
| Bathrooms | 0.00 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Retail/Stores |
| Commercial Sub-Type | Restaurant |
| Status | Active |
| HOA Fees Freq. | Not Applicable |
| Taxes | $82,805 |
Community Information
| Address | 421 Lake Street |
|---|---|
| Area | Maywood |
| City | Maywood |
| County | Cook |
| State | IL |
| Zip Code | 60153 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | 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
| Office | Better Homes & Gardens Real Estate Connections |
|---|