1099 Lake StAddison, IL 60101

Property Details for 1099 Lake St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.51 AC

Property size (Sq ft)

5,328 SF

Zone code

C

Property type

Commercial real estate

APN

03-20-112-027

APU

320112027

Description

This exceptional 5,328 square foot retail building is situated on highly desirable Lake Street in Addison, Illinois. Boasting unparalleled visibility with over 35,000 cars passing daily, this property offers a fantastic opportunity for a variety of businesses. The well-maintained, all-brick, free-standing structure features two storefronts with separate entrances, providing flexibility for multiple tenants or a single large operation. The rear of the building includes overhead doors opening to ceilings exceeding 16 feet in height, ideal for storage or specialized uses. The interior includes several private offices and bathrooms, catering to a range of business needs. Mechanical systems have been updated, and a new roof was installed in 2017, ensuring low maintenance costs and long-term value. This prime location, combined with the building's versatile layout and recent improvements, presents an exceptional investment opportunity for discerning buyers seeking high-traffic exposure and a well-maintained property. The property is offered at $824,900. Don't miss this chance to establish your business in a thriving Addison location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,101,158

  Hospitality

  $1,008,655

  Educational

  $839,189

  Medical

  $868,050

  Retail

  $1,305,406

Location Insight

City

Addison

County

Dupage

State

Illinois

Latitude

41.9432

Longitude

-88.0155

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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