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    Richton Rd Crete, IL 60417

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    For Sale
    Contact for pricing

    Prime Commercial Land, B-2 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.5-acre commercial land parcel presents a remarkable investment opportunity in Crete, Illinois. Ideally situated in Will County, this property boasts a highly desirable B-2 zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot offers significant potential for various uses, including retail, restaurants, or other commercial ventures. Its strategic location provides direct access to the heavily trafficked intersection of Route 394 and Richton Road, ensuring high visibility and accessibility for any business. The property's proximity to established businesses like Kohl's, Taco Bell, Culver's, and a future Starbucks further enhances its appeal and demonstrates the area's strong commercial activity. The 16.5 acres can be subdivided for sale or ground lease, providing flexibility for investors seeking different investment strategies. This exceptional location, combined with the favorable zoning and high traffic count, makes this property an ideal choice for developers and investors seeking a prime commercial land site in a thriving market. The APN is 23-15-02-404-002-0020. The address is E Richton Rd, Crete, IL 60417.

    Property Features for 0 Richton Rd

    General Information

    Property type
    Land
    Lot Size
    718,740 SF

    HighLights

    • 16.5‑acre commercial land parcel in Crete, IL.
    • B‑2 zoning.
    • Located near Kohl's, Taco Bell, Culver's, and a future Starbucks.
    • Excellent access to high‑traffic Route 394 and Richton Road.
    • APN: 23‑15‑02‑404‑002‑0020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crete
    County
    Will
    State
    Illinois
    Longitude
    -87.577152355985
    Latitude
    41.458049963542

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, B-2 Zoning, High Traffic
    Where is this land located?
    The property is located at Richton Rd Crete, IL.
    What are key features of this property?
    This property features: 16.5-acre commercial land parcel in Crete, IL.; B-2 zoning.; Located near Kohl's, Taco Bell, Culver's, and a future Starbucks.
    Request Owner's contact information
    Richton Rd 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
    Richton Rd Crete, IL 60417
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