Maywood, IL 60153 400 Lake Street
$649,000
Presented By: Baird & Warner
SQFT • 5,325
Home Details
Fantastic opportunity and priced to sell! This commercial property contains 4 units which are occupied by 2 businesses, a local taqueria and laundromat. Both businesses have been remodeled recently and have leases for 15 years (laundromat) and 10 years (taqueria). Located in a great area that gets lots of people and traffic. This is an amazing property to own and get passive income!
Presented By: Baird & Warner
General for 400 Lake Street
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
Business TypeRetail
Cap Rate6.4
CityMaywood
CoolingCentral Individual
CountyCook
DirectionsLake St between 5th ave and River Rd in Maywood
ElectricCircuit Breakers, Separate Meters
Gross Income107064
Leasable Area5325
Lot Size Square Feet13375
MLS AreaMaywood
Net Operating Income61317
Number Of Units Total2
Operating Expense72828
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount39878
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat, Varies by Tenant
Year Built1980
ZoningCOMMR
Exterior for 400 Lake Street
Building Area Total5325
Lot DimensionsPER SURVEY
Additional Details
Price History
