550 E Lake St Addison, IL 60101
Estimated payment $7,647/month
About This Lot
**NEED INVESTORS ** Commercial site already developed zoned B-2 Community Business District. The 4 acres Area have all utilities to site. Visibility to Lake St and easy access off I-290 from Highway IL 83. Property surrounded by hotel, gas station, medical offices and restaurant. 2 commercial properties up to 10,000 SQF each. Developer available to provide design and architecture. great location for Retail and Restaurant Use.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,459
Lot Details
- 4 Acre Lot
- Property is zoned COMMR
Parking
- Driveway
Schools
- Ardmore Elementary School
- Army Trail Elementary Middle School
- Addison Trail High School
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,603 | $51,116 | $51,116 | -- |
| 2023 | $3,459 | $46,990 | $46,990 | $0 |
| 2022 | $3,246 | $44,080 | $44,080 | $0 |
| 2021 | $3,118 | $42,220 | $42,220 | $0 |
| 2020 | $3,042 | $40,440 | $40,440 | $0 |
| 2019 | $3,028 | $38,880 | $38,880 | $0 |
| 2018 | $2,991 | $36,850 | $36,850 | $0 |
| 2017 | $2,923 | $35,220 | $35,220 | $0 |
| 2016 | $2,862 | $32,520 | $32,520 | $0 |
| 2015 | $2,808 | $30,040 | $30,040 | $0 |
| 2014 | $2,771 | $29,450 | $29,450 | $0 |
| 2013 | $2,710 | $30,050 | $30,050 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $1,399,000 | -3.5% | -- |
| 07/29/2025 07/29/25 | Price Changed | $1,449,000 | -3.3% | -- |
| 06/23/2025 06/23/25 | Price Changed | $1,499,000 | -6.3% | -- |
| 04/29/2025 04/29/25 | Price Changed | $1,599,000 | -5.9% | -- |
| 03/01/2025 03/01/25 | Price Changed | $1,699,000 | -5.6% | -- |
| 02/18/2025 02/18/25 | Price Changed | $1,799,000 | -5.3% | -- |
| 01/16/2025 01/16/25 | Price Changed | $1,899,000 | -5.0% | -- |
| 11/18/2024 11/18/24 | Price Changed | $1,999,000 | -9.1% | -- |
| 10/12/2024 10/12/24 | For Sale | $2,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $10,000 | Attorney | |
| Warranty Deed | $20,000 | Fidelity Natl Title Ins Co | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | None Available | |
| Warranty Deed | $10,000 | First American Title | |
| Warranty Deed | $10,500 | -- | |
| Deed | -- | -- | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | -- | |
| Trustee Deed | -- | Wheatland Title |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12187035
APN: 03-27-119-010
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