Property photo 1
0 Beds
1,675 sqft

$255,000

307-309 W Lake Street, Maywood IL, 60153

Price per sqft$152.24
Property size1,675 sqft
Property typeCommercial
Listed by Sylvana Menolascino with RE/MAX Enterprises 630-363-6059

Overview

Active

Listed Sep 8, 2026

Updated 3 weeks ago

**FULLY LEASED STOREFRONTS! MULTIPLE INCOME STREAMS! EXTENSIVELY RENOVATED COMMERCIAL PROPERTY!** Excellent investment opportunity on Lake Street in Downtown Maywood offering great visibility, exposure and foot traffic, with Walgreens and McDonald's nearby. Both storefronts are currently leased-one to an established barber shop 450 sq. ft.and the approximately 375 sq. ft. second space to a tattoo salon. Plus a vacant 925 sq. ft. garage offering the potential for additional rental income. ask me about tax reduction incentives! Extensive improvements include NEW 2x4 walls, insulation, drywall, electrical conduit and wiring, lighting fixtures, 3-meter bank/service entrance, copper water lines, plumbing fixtures, 20-gallon electric water heaters, windows, doors, high-efficiency furnaces, A/C and ductwork, and epoxy flooring. **Take advantage of a property where much of the major renovation work has already been completed and tenants are already in place.** Storefront utilities are individually metered for electric, gas and water. The garage has its own electric meter and can be secured separately from the 309 storefront, creating the potential to rent it independently. Gas is currently supplied to the garage through the 309 unit; if rented separately, an individual gas meter and line would need to be installed from the Nicor gas header. The garage also features a heater and insulated overhead door. Roof maintenance was completed recently, including minor repairs and sealing of the entire roof; photos are available. Additional exterior improvements include new garage peak siding, select new soffit, replacement of the west gutter and fascia repairs. **Two leased commercial spaces, potential for additional garage income and extensive improvements already completed-schedule your showing today and see the investment potential of this Lake Street property!**

Additional information

MLS® ID
12061686

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.05 Acres

Other Property Details

Taxes
$11,571
Tax Frequency
Annually
MLS provider logo

Listed by Sylvana Menolascino with RE/MAX Enterprises 630-363-6059

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Tamara OConnor Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 9/15/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 4:23 AM UTC on 9/15/2026. 

DMCA Notice

 

 

Powered by Luxury Presence