519 Lake StMaywood, IL 60153

Property Details for 519 Lake St

Year built

1914

Lot size

0.10 AC

Property size (Sq ft)

9,120 SF

Property type

Industrial properties

APN

15-11-124-006

APU

1511124006

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,142,279

  Hospitality

  $2,878,311

  Educational

  $2,394,721

  Medical

  $2,477,079

  Retail

  $3,725,121

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8901

Longitude

-87.8402

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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