For Sale
$399,999

519 Lake St Maywood, IL 60153

High-traffic location, massive potential!

Overview

Added:
Feb 3
Days on market:
73
This exceptional mixed-use property at 519 Lake Street in Maywood, Illinois presents a unique investment opportunity. Boasting a substantial 9,150 square feet, this building is ideally situated in Maywood's central business district, just one block from the Metra station, ensuring high visibility and accessibility. The ground floor features versatile office space, two half-bathrooms, and a large open warehouse area, complete with a sizable rear loading door and an internal elevator lift. Upstairs, the property offers a significant amount of space, including a 1,200 square foot one-bedroom apartment with a full bathroom, and an expansive 3,200 square foot open warehouse space, along with two additional half-bathrooms. A full basement provides ample storage or potential for expansion. The Village of Maywood has approved plans for future development, allowing for the conversion of the second floor into four residential units and the ground floor into three commercial storefronts. This flexibility allows for a wide range of uses and income streams, making this a truly remarkable investment prospect with limitless potential for growth and return. The property is priced at $399,999.

Property Details for 519 Lake St

Property type
Mixed-use properties
Square Feet
9,150 SF
Year Built
1916

Location Insight

City
Maywood
County
Cook
State
Illinois
Latitude
41.8901
Longitude
-87.84016
519 Lake St, Maywood, Illinois

FAQs

What type of property is this?
Mixed-use property - High-traffic location, massive potential!
Where is the mixed-use property located?
The property is located at 519 Lake St Maywood, IL.
What is the asking price?
The asking price for this property is $399,999.
How can I contact the broker?
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519 Lake St
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