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Commercial Land for Sale in Addison, Illinois

550 E Lake St, Addison, IL 60101

$1,399,000
4 acres
Active
$50k drop
Est $9,837/mo

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.

Location

Street address
550 E Lake St
Community
Addison
School district
88
Elevation
673 feet
Coordinates
41.9283, -87.9748

Directions

E Lake Street of Addison. E of Villa Ave and Wood Dale Rd

Property details

Acreage
4 acres
Zoning
COMMR
MLS #
MRED 12187035
Posted

Property taxes

2023
$3,459

Parcels

  • 0327119010

Details and features

Listing

Type
Land
Franchise
Century 21 Real Estate

Nearby schools

NameLevelDistrictDescription
Ardmore Elementary SchoolElementary88
Army Trail Elementary SchoolMiddle88
Addison Trail High SchoolHigh88

Listing history

DateEventPriceChangeSource
Nov 17, 2025Price drop$1,399,000$50,000 -3.5%MRED
July 29, 2025Price drop$1,449,000$50,000 -3.3%MRED
June 23, 2025Price drop$1,499,000$100,000 -6.3%MRED
Apr 30, 2025Price drop$1,599,000$100,000 -5.9%MRED
Mar 1, 2025Price drop$1,699,000$100,000 -5.6%MRED
Feb 18, 2025Price drop$1,799,000$100,000 -5.3%MRED
Jan 16, 2025Price drop$1,899,000$100,000 -5%MRED
Nov 19, 2024Price drop$1,999,000$201,000 -9.1%MRED
Oct 12, 2024New listing$2,200,000MRED
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This 4-acre property is located at 550 E Lake St in Addison, IL 60101. The property is available for sale for $1,399,000 with a price per acre of $349,750.

Checked 20 mins ago — Updated

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