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Executive Summary
Exceptional commercial opportunity in a high-visibility Addison location. This desirable brick, free-standing building offers approximately 2,575 square feet of versatile office/retail space with ample on-site parking. Strategically positioned on W Lake Street, the property benefits from outstanding exposure to over 36,000 vehicles daily, making it ideal for owner-users or investors seeking strong brand visibility. The property is surrounded by excellent demographics and established businesses, providing a solid foundation for a wide range of professional, retail, restaurant or service-oriented uses. The purchase price includes two subdivided residential lots, offering additional value and future development potential. A rare opportunity to secure a highly visible commercial asset with flexibility, parking, and expansion possibilities in a thriving corridor.
NOTE price includes 2 additional lots with different pin numbers.
NOTE price includes 2 additional lots with different pin numbers.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,596 SF
Building Class
C
Year Built
1968
Price
$749,900
Price Per SF
$288.87
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,596 SF
Building FAR
0.07
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
20 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 03-20-113-017 | Improvements Assessment | $72,632 |
| Land Assessment | $89,939 | Total Assessment | $162,571 |
Property Taxes
Parcel Number
03-20-113-017
Land Assessment
$89,939
Improvements Assessment
$72,632
Total Assessment
$162,571
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991 W Lake St
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