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    1338 Main St Crete, IL 60417

    Sponsored
    For Sale
    Contact for pricing

    Historic building, brewery, restaurant, patio.

    Property size:
    16,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multi-tenant property, located at 1338 Main Street in Crete, Illinois, offers a unique investment opportunity. The 16,651 square foot, two-story building boasts a blend of historical charm and modern updates. Originally constructed in 1911, it underwent significant renovations in 2021, including a new roof and a complete redesign of the second floor, featuring new flooring and paint. The property currently houses three tenants occupying 100% of the space: a thriving brewery on the first floor with a private entry, a restaurant on the second floor, and a martial arts studio also on the second floor. Additional lower-level space provides office and storage areas. The brewery features state-of-the-art equipment and is a highly successful operation, distributing its flagship beers to over 170 locations. The building includes convenient surface parking for approximately 20 vehicles, with additional public parking readily available across the street. Building amenities include floor drains, a walk-in cooler, and substantial power (800 Amp/3P/240V). This NNN-leased property sits on a 0.2-acre lot and benefits from its location within TIF District #2, offering potential incentives. The property's prime location in Crete, Will County, Illinois, places it approximately 35 miles south of Chicago and near the Indiana state line, providing excellent accessibility. This is a value-add, owner-user investment opportunity with significant potential for future growth.

    Property Features for 1338 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    16,651 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1911/2021
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • ±16,651 SF two‑story multi‑tenant building.
    • Class A brewery business and real estate for sale.
    • Lower level features storage, office space, and a tasting room.
    • 20 surface parking spaces plus public parking nearby.
    • Includes floor drains and a walk‑in cooler.
    • 800‑amp, 3‑phase, 240‑volt power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Evil Horse Brewing ... Brewery

    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
    -87.631371808314
    Latitude
    41.444918851646

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    FAQs

    What type of property is this?
    Restaurant - Historic building, brewery, restaurant, patio.
    Where is this restaurant located?
    The property is located at 1338 Main St Crete, IL.
    What are key features of this property?
    This property features: ±16,651 SF two-story multi-tenant building.; Class A brewery business and real estate for sale.; Lower level features storage, office space, and a tasting room.
    Request Owner's contact information
    1338 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
    1338 Main St Crete, IL 60417
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