Mixed-Use Property with
For Sale
$849,900
1361 Benton Street, Crete, IL 60417
A separate-entry former dental office adds a second commercial space alongside the restaurant and bar.
Property Size4,209 SF
Price / SF$201.92
Days on Market293
Property Features for 1361 Benton Street
General Information
Standard status
Active
Size
4,209 SF
Property subtype
Commercial
Zoning
COMMR
Property Condition
Severity
Repairs Needed
Evidence
does need work
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$10,553
Building Details
Building Size
4,209 SF
Year Built
1964
Stories
1
Listing Agency:
Infiniti Properties, Inc.
Listed By:
Efren Ortiz · License #475173599
(708) 206-3000
Source:
Crossdavidson
Added: Jan 8
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Infiniti Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,209-square-foot mixed-use property in Crete was built in 1964 and is zoned COMMR. The restaurant space has a dining area and full bar. A second unit, formerly used as a dental office, has its own entrance and requires work.
The property is at 1361 Benton Street, near City Hall and the Fire Department. On-site parking is available.
The property is at 1361 Benton Street, near City Hall and the Fire Department. On-site parking is available.
Key Highlights
- 4,209‑square‑foot mixed‑use property
- Restaurant space includes a dining area and full bar
- Second unit has a separate entrance and was formerly a dental office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,924
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,480
$1.3M
Cap Rate 7%
$913,200
$913.2K
Cap Rate 9%
$710,267
$710.3K
Market Conditions
NOI Build-Up for 4,209 SF
Gross rent
$126.3K $30.00/SF
− Vacancy
−$24.0K −$5.70/SF
EGI
$102.3K $24.30/SF
− OpEx
−$38.4K −$9.11/SF
NOI
$63.9K $15.19/SF
Area
Will County, IL
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,480
Cap Rate 7%
$913,200
Cap Rate 9%
$710,267
Alternative Uses
Best Use
Mixed Use
$913.2K
$799.1K – $1.07M
NOI $63,924 @ 7.0% cap · market cap 7.52%
Second Best
Healthcare Medical
$814.4K
$712.6K – $950.2K
NOI $57,011 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$954.6K
$835.3K – $1.11M
NOI $66,822 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate-entry former dental office adds a second commercial space alongside the restaurant and bar.
Where is this mixed-use property located?
The property is located at 1361 Benton Street Crete, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 4,209‑square‑foot mixed‑use property; Restaurant space includes a dining area and full bar; Second unit has a separate entrance and was formerly a dental office
