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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12613721MLS Provider

400 Lake StreetMaywood, IL 60153

Commercial · 5,325 Sq. ft.
$649,000 Active

400 Lake Street Overview

Time on Site:
78 days
Visits:
1

Fantastic opportunity and priced to sell! This commercial property contains 4 units which are occupied by 2 businesses, a local taqueria and laundromat. Both businesses have been remodeled recently and have leases for 15 years (laundromat) and 10 years (taqueria). Located in a great area that gets lots of people and traffic. This is an amazing property to own and get passive income!

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400 Lake Street Facts & Features

  • Type Commercial
  • Sq. ft. 5,325
  • Price/Sq.ft. $122

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 107064
  • Net Operating Income: 61317
  • Operating Expense: 72828

Building Information

  • Year Built: 1980

Business Information

  • Business Type: Retail

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Maywood

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Varies by Tenant

Tax Information

  • Tax Annual Amount: $39,878.00
  • Tax Year: 2024

General Information

  • Parcel Number: 15111360100000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5325

General Information

  • Cooling: Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • Leasable Area: 5325
  • Stories: 1

Unit Information

  • Unit SqFt.: 5325

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: PER SURVEY
  • Lot Size Square Feet: 13375

General Information

  • Number Of Units Total: 2

400 Lake Street Neighborhood

Community

60153 (Maywood) Demographics

37
Median Age
7,791
Population Density (per sq. mile)
23%
College Educated
$56,623
Estimated Median Income
4,780
Estimated Total Home Owners
2,854
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

400 Lake Street Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

400 Lake Street Market Data

Based on the last 30 days in this zip code

$315,257
Average List Price
$188
Average Price per Square Foot
10
Properties Sold
66
Average Days on Market
73
Properties for Sale
Calculations provided by Reliance Network

400 Lake Street History

Date Event Value Agent
4/17/2026Source: MRED Status Change
Active
4/12/2026Source: MRED Added to Database
April 12, 2026
11/2/2022Source: MRED Status Change
Closed
6/20/2022Source: MRED Added to Database
January 27, 2022