300 Lake StMaywood, IL 60153

Property Details for 300 Lake St

Year built

1921

Lot size

0.09 AC

Property type

Retail space

APN

15-11-137-012

APU

1511137012

Description

This exceptional investment opportunity presents a thriving used car lot in Maywood, Illinois. The property, located at 300 Lake St, 60153, encompasses five parcels totaling 19,310 square feet and includes three buildings. Built in 1971, the property boasts ample space for approximately 75 vehicles, a dedicated garage, and two additional buildings featuring offices and bathrooms. The property is zoned B-3, offering flexibility for various commercial uses. Currently generating a substantial net operating income (NOI) of $90,000 annually, this translates to a compelling 12.88% cap rate. The asking price is $698,888, representing a price per square foot of $36.19. This established business presents a rare chance to acquire a turnkey operation with significant rental income potential or to develop a new venture within an existing infrastructure. The property's prime location and strong financial performance make it an attractive investment for both seasoned and aspiring entrepreneurs. The opportunity to own this established business with high rental income or to create a new business venture is truly exceptional. Don't miss this chance to secure a profitable and versatile commercial property.

Location Insight

City

Maywood

County

Cook

State

Illinois

Latitude

41.8891

Longitude

-87.8372

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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