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$749,900

  • For Sale
  • Active
  • Commercial
  • 2,575 Sq. Ft.
  • Updated 7 days ago
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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.

Full Property Details for 991 W Lake St

General

  • Price: $749,900
  • Taxes: $16,842 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12539877
  • Updated: 1/10/2026
  • Added to Site: 14 day(s) ago

Interior

  • Interior Features: Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Overhead Door(s), Private Restroom(s), Public Restroom(s)
  • Flooring: Carpet, Vinyl

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Addison
  • County: DuPage
  • Township: Addison
  • Driving Directions: Lake St E of 355 and W of Mill Rd

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Cable Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Ceiling Height: 10
  • Drive-In Doors: 1
  • # Loading Docks: 1
  • Sub-Flooring: Carpet, Vinyl
  • Stories/Levels: 1
  • Square Feet: 2,575
  • Current Bldg. Use: Commercial
  • Year Built: 1988

Unit Information

  • # Tenants: 2
  • Extra Storage Avail: Yes

Lot Features

  • Lot Size (Sq. Ft.): 28,940
  • Lot Dimensions: 154, 92 x 1150.33 x 164.11
  • Zoning: RTAIL

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1988
  • Tax Amount: $16,842
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat

Disclosures and Reports

  • Property ID: 320113006

Listed by Century 21 TK Realty

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— 991 W Lake St —

  • Century 21 TK Realty

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NMLS#: 1598647

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Schools serving 991 W Lake St

School Districts:Addison School District 4, Dupage High School District 88
NameGradesDistance
Wesley Elementary School
1111 West Westwood Trail, Addison, IL 60101
K-50.5 mi
Indian Trail Jr High School
222 North Jf Kennedy Drive, Addison, IL 60101
6-80.9 mi
Addison Trail High School
213 North Lombard Road, Addison, IL 60101
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 991 W Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/03/2026
Listed
$749,900
305.35%
MLS
10/30/2020
Sold
$185,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 991 W Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,458
49%
$162,571
56%
2022
$7,688
4%
$104,390
4%
2021
$7,385
-28%
$99,990
-27%
2020
$10,313
—
$137,120
4%
2019
$10,266
33%
$131,840
39%
2018
$7,705
-2%
$94,910
-21%
2017
$7,886
7%
$119,430
43%
2016
$7,370
2%
$83,740
8%
2015
$7,232
—
$77,360
1%
2014
$7,226
-2%
$76,800
-6%
2013
$7,398
3%
$82,040
-6%
2012
$7,163
—
$87,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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991 W Lake Street, Addison, IL 60101 (MLS# 12539877) is a Commercial property. 991 W Lake Street is currently listed for $749,900 and was received on January 03, 2026. Want to learn more about 991 W Lake Street? Do you have questions about finding other Commercial real estate for sale in Addison? You can browse all Addison real estate or contact a Coldwell Banker agent to request more information.

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