409 Lake ST, Maywood, IL 60153
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409 Lake ST, Maywood, IL 60153
409 Lake ST, Maywood, IL 60153
409 Lake ST, Maywood, IL 60153
409 Lake ST, Maywood, IL 60153
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Mario Bilotas

Mario Bilotas

+1(847) 910-5022
$ 480,000
Est. payment /mo
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Price Dropped by $140K

409 Lake ST Maywood, IL 60153

2,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $240

MLS Listing ID 11838497

Year Built 1960

Annual Tax Amount $21,478

Tax Year 2025

Lot Dimensions 137.62 X 88.51 X 139.11 X 47.41

Property Sub-Type Mixed Use

Property Description

401 - 409 Lake Street, Commercial mixed-use building with great masonry in Maywood. (Good little money maker here.) Building is Approx 2,000 SQ FT, Land is 9,012.90 SQ FT. The property includes a 3-story commercial mixed-use building, a parking lot, a small 600 SQ FT (Approx) brick commercial building and plenty of additional land for potential commercial development. Features a first-floor retail showroom that is currently built out as a tire repair shop and two residential units. Paved side and rear-drive loading area and parking for about 20-plus cars. The tire shop pays $1,000 a month and has a 10-year lease, the 2nd floor apt is a 2 bed 1 bath with a lease that started on Sept 1,2022 and pays $1,150 per month. The 3rd-floor 1 bed 1 bath tenant pays $850 a month. Zoning is C-2 Pedestrian-Oriented Commercial, walking distance to the Maywood Metra stop and close to area expressways. This great property provides the perfect opportunity for an Investor, Developer or end user to acquire a boutique mixed-use building and more, right in the heart of the vibrant Maywood shopping district neighborhood. 9,400 Vehicles pass this location a day (VPD), and it is just east of the bustling Intersection of 5th and Lake street. This is an atypical chance to purchase a truly remarkable underutilized property with tremendous upside in rental potential or development. Area retailers and restaurants include - Walgreens, Taqueria El Duranguito, Maywood Express, Legends Grill and Music venue, Panaderia Puebla. Ownership will listen to all reasonable offers, do not bother tenant. Please call listing agent for a showing PIN NUMBERS - 15111250160000 - 15111250150000 - 15111250140000 15111250130000

Location

State IL

County Cook

Area Maywood

Zoning COMMR

Interior

Cooling Wall Sleeve, Window Unit(s)

Flooring Carpet, Tile, Varies

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available

Roof Type Composition

Building

Dwelling Type Mixed Use

Water Community Water, Municipal Water

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Levin of  @properties Commercial 

Nearby School & Business

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MY BLOGS

feature image of Vacant Land Scams are REAL
Vacant Land Scams are REAL
About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell
feature image of THE FRONT PORCH SWING
THE FRONT PORCH SWING
Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow
feature image of less is more, unless, it’s for less.
less is more, unless, it’s for less.
I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds
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Mario Bilotas

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Phone

+1(847) 910-5022

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA

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