550 E Lake St

$1,399,000
Price
174,240 / 4
Lot Size / Acres

Description

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.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 for 550 East Lake Street

Area
Addison
Township
Addison
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR
LISTING UPDATED: 11/23/2025 12:07 AM

Property Details for 550 East Lake Street

StatusActive
MLS #12187035
Days on Market464
Taxes$3,459 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size4.00 AC
CountyDuPage County

Location

Listing Courtesy of Century 21 TK Realty
Add your commute

Building Information for 550 East Lake Street

Lot Size4.00 AC

Payment Calculator

$7,201 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,913

Property Taxes

$288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 550 East Lake Street

General Information
School Information
  • Elementary School District: 4
  • Elementary School: Ardmore Elementary School
  • Jr High Middle School: Army Trail Elementary School
  • High School District: 88
  • High School: Addison Trail High School
  • Middle Or Junior School District: 4
Addtl Parking Information
  • Parking Details: Concrete
Location and General Information
  • Frontage Length: 335
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Water: Community Water
  • Utilities: Electric to Site, Natural Gas Available, Sewer Connected
Property/Lot Information
  • Lot Size: 4.0-4.99 Acres
  • Lot Dimensions: 4 ACRES +
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
Property and Assessments
  • Possible Use: Commercial, Development
  • Buyer Financing: Conventional, Contract, Cash
  • Public Document Count: 0
  • Photos Count: 4
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial, Development
  • Known Existing Liens: None Known
  • Land Amenities: Sidewalks
  • Land Description: Cleared,Irregular,Level
  • Location: High Traffic Area
  • Rail Availability: None
  • Road Surface: Concrete
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 550 East Lake Street

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Price Change

MRED #12187035

$1,399,000
Jul 29, 2025

Price Change

MRED #12187035

$1,449,000
Jun 23, 2025

Price Change

MRED #12187035

$1,499,000
Apr 29, 2025

Price Change

MRED #12187035

$1,599,000
Mar 1, 2025

Price Change

MRED #12187035

$1,699,000
Feb 18, 2025

Price Change

MRED #12187035

$1,799,000
Jan 15, 2025

Price Change

MRED #12187035

$1,899,000
Nov 18, 2024

Price Change

MRED #12187035

$1,999,000
Oct 12, 2024

Listed (Active)

MRED #12187035

$2,200,000
May 2, 2019

Cancelled

MRED #09996797

$399,900
Jun 25, 2018

Listed (Active)

MRED #09996797

$399,900
Apr 11, 2018

Sold (Public Record)

Public Record #638724862

$10,000
Aug 11, 2014

Sold

MRED #08598448

$150,000
Jul 29, 2014

Sold

MRED #08249316

$20,000
Jul 15, 2014

Pending

MRED #08598448

Jul 7, 2014

Pending

MRED #08249316

Apr 28, 2014

Listed (Active)

MRED #08598448

$199,000
Jan 14, 2013

Listed (Active)

MRED #08249316

$64,900
Apr 25, 2003

Sold (Public Record)

Public Record #115169445

$10,000

-8.4% / yr

Oct 3, 2002

Sold (Public Record)

Public Record #102900595

$10,500
DateEvent & SourcePrice
11/17/2025

Price Change

MRED #12187035

$1,399,000
07/29/2025

Price Change

MRED #12187035

$1,449,000
06/23/2025

Price Change

MRED #12187035

$1,499,000
04/29/2025

Price Change

MRED #12187035

$1,599,000
03/01/2025

Price Change

MRED #12187035

$1,699,000
02/18/2025

Price Change

MRED #12187035

$1,799,000
01/15/2025

Price Change

MRED #12187035

$1,899,000
11/18/2024

Price Change

MRED #12187035

$1,999,000
10/12/2024

Listed (Active)

MRED #12187035

$2,200,000
05/02/2019

Cancelled

MRED #09996797

$399,900
06/25/2018

Listed (Active)

MRED #09996797

$399,900
04/11/2018

Sold (Public Record)

Public Record #638724862

$10,000
08/11/2014

Sold

MRED #08598448

$150,000
07/29/2014

Sold

MRED #08249316

$20,000
07/15/2014

Pending

MRED #08598448

07/07/2014

Pending

MRED #08249316

04/28/2014

Listed (Active)

MRED #08598448

$199,000
01/14/2013

Listed (Active)

MRED #08249316

$64,900
04/25/2003

Sold (Public Record)

Public Record #115169445

$10,000

-8.4% / yr

10/03/2002

Sold (Public Record)

Public Record #102900595

$10,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 East Lake Street

Taxable ValueLand$51,116Additions-Total$51,116
Tax Record2024$3,603 ($300 / month)
Home Facts
Lot Size15,682 SqFtStyleCommercialZoningCCountyDUPAGEAPN03-27-119-010

Schools near 550 East Lake Street

This home is within Addison School District 4.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Fullerton Elementary School
PublicK to 5

Indian Trail Jr High School
Public6 to 8

Addison Trail High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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550 East Lake Street is a 4 ac of land for sale in Addison, IL 60101. This property was listed for sale on October 12, 2024 by Century 21 TK Realty, it's currently listed at $1,399,000. It has been on the market for a total of 464 days and was last sold on April 11, 2018. This listing's school districts are Addison School District 4, Dupage Hsd 88 School District. Nearby schools include Fullerton Elementary School, Indian Trail Jr High School and Addison Trail High School. 550 East Lake Street is a 0-bed, 0-bath, 4 ac of land on a 174,240 sq. ft. / 4 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 TK Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/23/2025 12:07 AM. 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.