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    1395-1407 Main St Crete, IL 60417

    Sponsored
    For Sale
    $2,750,000

    Six Buildings, 24,389 SF, High Traffic

    Property size:
    24,389 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity encompasses six buildings totaling 24,389 square feet situated on a 2.15-acre lot in the vibrant Times Square Plaza of Downtown Crete, Illinois. The portfolio comprises a diverse mix of commercial properties, including two office buildings, a restaurant, and two bars. A strategically positioned mixed-use building adds further value, combining office space, retail units, and residential apartments. The property benefits from recent exterior renovations, presenting a modern façade while retaining its distinctive charm. Located in the heart of Downtown Crete, this portfolio enjoys unparalleled visibility and benefits from the significant foot traffic generated by the annual Crete Country Christmas event held in Times Square Plaza. This prime location ensures consistent exposure and strong potential for rental income and future appreciation. The property's diverse tenant mix and established presence within a thriving community make it an attractive and stable investment. The combined square footage and variety of uses offer significant flexibility for future development or expansion. This is a rare opportunity to acquire a substantial and well-positioned commercial portfolio in a dynamic and growing market.

    Property Features for 1395-1407 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,389 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Crete
    County
    Will
    State
    Illinois
    Longitude
    -87.63097
    Latitude
    41.4429

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    FAQs

    What type of property is this?
    Commercial real estate - Six Buildings, 24,389 SF, High Traffic
    Where is this commercial real estate located?
    The property is located at 1395-1407 Main St Crete, IL.
    What is the asking price?
    The asking price for this property is $2,750,000.
    (708) 719-3444
    Request Owner's contact information
    1395-1407 Main 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
    1395-1407 Main St Crete, IL 60417
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