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Renovated Multi-Tenant Retail/Restaurant Building
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1338 Main St, Crete, IL 60417

Two-story retail and restaurant building with patio in Crete, Illinois.

Space Size3,665 SF - 9,961 SF
Property Size18,651 SF
Days on Market992

Property Features for 1338 Main St

General Information

Standard status Active
Size 3,665 SF - 9,961 SF
Property subtype Retail, Restaurant
Lease Type Modified Gross

Building Details

Building Size 18,651 SF
Year Built 1911
Tenancy Multiple

Spaces For Lease

at 1338 Main St Contact us

1336-B

Size
3,665 SF
Type
Restaurant
Lease Type
Modified Gross
Availability
Active
Contact us

1338

Size
9,961 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: SVN | Chicago Commercial
Listed By: Karen Kulczycki-CCIM, SIOR · License #IL #471-020279
Source: Crexi
Added: Dec 14, 2023 Changed: Aug 20 Last Checked: Aug 29 at 4:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial

Investment Insights

Based on property information with market context.

This is an 18,651 square foot two-story, elevatored, multi-tenant retail and restaurant building with a patio, located at 1338 Main Street in Crete, Illinois. The historical W M Seggebruch building has been renovated. The former Evil Horse Bar occupies the first floor, with private entry to the former Loft Restaurant and Polaris Martial Arts, which occupies the second floor. There is additional lower-level office and storage space. A new roof and second-floor redesign, including flooring and paint, were completed in 2021, and new water heaters were installed for tenants in 2023. A full liquor license for a bar operator is available with a new entertainment area. Incentives are available within TIF District #2. Crete is a village in Will County, Illinois, approximately 35 miles south of Chicago and near the Indiana state line.

Key Highlights

  • ±18,651 SF Two‑Story Multi‑Tenant Retail and Restaurant Building
  • Historical W M Seggebruch building with elevator
  • Renovated with new roof and second floor redesign in 2021, and new water heaters in 2023

Property Analytics

Current Use

Evil Horse Brewing ... Production Facility

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 69% Shops & Services 31%
Aurelio's Pizza Dining
3,828 visits/mo 0.1 miles
Pizza Hut Dining
3,560 visits/mo 0.2 miles
BMO Harris Bank Shops & Services
2,662 visits/mo 0.1 miles
Crete Service Center Shops & Services
626 visits/mo 0.1 miles

Demographics for 60417, IL

15,342
Population
6,356
Households
2.4
Avg Household Size
48
Median Age
31%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
414
Density / Sq Mi
$93,346
Median Household Income
$46,211
Median Earnings
$1,362
Median Rent
$225,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two-story retail and restaurant building with patio in Crete, Illinois.
Where is this retail space located?
The property is located at 1338 Main St Crete, IL.
What is the lease rate?
The lease rate is $45,600.
What are key features of this property?
This property features: ±18,651 SF Two‑Story Multi‑Tenant Retail and Restaurant Building; Historical W M Seggebruch building with elevator; Renovated with new roof and second floor redesign in 2021, and new water heaters in 2023
More about this property
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