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    547 Exchange St Crete, IL 60417

    Sponsored
    For Sale
    $149,900

    Prime location, versatile office building

    Property size:
    1,931 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1,931 square foot office building, located at 547 W Exchange Street in the heart of Downtown Crete, Illinois, presents a remarkable commercial opportunity. Previously occupied by State Farm, this property boasts four well-appointed office rooms and spaces, perfect for a variety of business configurations. A convenient kitchen area caters to staff needs, while a full basement offers substantial storage solutions. Accessibility is a key feature, with three separate exits and a ramp providing easy access for all. The building's prime downtown location ensures high visibility and a welcoming atmosphere for clients and employees. The flexible layout allows for adaptation to diverse business requirements. The property sits on a 0-acre lot. Prospective buyers are advised to independently confirm zoning regulations with the City of Crete to ensure compatibility with their intended use. This is an exceptional chance to establish or relocate your business in a thriving downtown setting. The asking price is $149,900. Don't miss this chance to secure this desirable commercial property.

    Property Features for 547 Exchange St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,931 SF

    Building Details

    Year Built
    1952
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crete
    County
    Will
    State
    Illinois
    Longitude
    -87.63412
    Latitude
    41.44463

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, versatile office building
    Where is this office property / space located?
    The property is located at 547 Exchange St Crete, IL.
    What is the asking price?
    The asking price for this property is $149,900.
    (708) 689-4557
    Request Owner's contact information
    547 Exchange St Crete, IL 60417
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    Crete, IL 60417
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    547 Exchange St Crete, IL 60417
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