O'Neil Property Group

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$255,000
59 Days On Site

307-309 W Lake Street
Maywood, IL 60153

For Sale|Business|Active
0
Beds
0
Total Baths
1,675
SqFt
$152
/SqFt
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Enterprises
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**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!**

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Listing Snapshot
PriceΒ 
$255,000
Days On SiteΒ 
59 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
1,675 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
N/A
MLS NumberΒ 
12061686
StatusΒ 
Active
Property TaxΒ 
$11,571.14
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoStatus changed to Active
2 months agoListing first seen on site
General Features
Additional Property UseΒ 
Commercial
Property Sub TypeΒ 
Business
SqFt TotalΒ 
1675
ZoningΒ 
COMMR
Interior Features
CoolingΒ 
Central Air
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Community Features
MLS AreaΒ 
Maywood
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Enterprises



Based on information submitted to the MLS GRID as of 2026-11-07 12:53 AM UTC. 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.
Last checked: 2026-11-07 12:53 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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