Listing Agency: Entre Commercial Realty LLC c***@entrecommercial.com

Listed By: Marc Bartolini · License #475.197287

Source: Crexi

Added: Dec 15, 2023 Changed: Aug 8 Last Checked: Aug 20 at 5:10AM

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Investment Insights

Based on property information with market context.

This 14.33-acre industrial land parcel is located in Crete, Illinois. The property benefits from low Will County taxes. An easement lease is in place, generating $6,000 annually. The property is located within a TIF district that runs through 2028. The site is located 11 miles from I-294. Seller financing will be considered.

Key Highlights

• 14.33 acres of industrial land available
• Located within TIF District (runs through 2028)
• Low Will County taxes

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Pharmacy Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

141

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - 14.33 acres of industrial land for sale.

Where is this industrial land located?

The property is located at 1001 Columbia St Crete, IL.

What is the asking price?

The asking price for this property is $1,715,000.

What are key features of this property?

This property features: 14.33 acres of industrial land available; Located within TIF District (runs through 2028); Low Will County taxes