820 Lake St - Commercial LAND FOR SALE


Maywood, IL 60153 9,583 SF
$39,000 USD
847-849-1912
820 Lake St, Maywood, IL for Sale
$39,000 USD
Commercial LAND - FOR SALE
1/2
9,583 SF

820 Lake St
Maywood, IL 60153


OVERVIEW

Lots of opportunity where Melrose Park meets Maywood. This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/. This is not a traditional sale. Differences: You must apply on the CCLBA Website prior to touring property. You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens. Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation. You will need a contractor’s estimate to bring property to occupancy permit. You will need a letter or email of support from the Village or City. You will need to show the CCBA funds to acquire and rehab the property. The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss. Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing. Buyers pay their own brokers directly. Similarities: I am here to help you navigate through the process.

FOR SALE DETAILS

PRICE

$39,000 USD

PRICE/ACRE

$177,276/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

0.22 AC

LAND SF

9,583 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

M-1

APN/PARCEL ID

15-11-132-001-0000,15-11-132-002-0000,15-11-132-003-0000

ASK ABOUT THIS PROPERTY

Steven KohnAvison YoungMore Info
847-849-1912

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Steven KohnAvison YoungMore Info
847-849-1912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.