Current Use by Public Records
- Commercial real estate
Property Details for 1395-1407 Main St
- Year built
- 1978
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses six buildings totaling 24,389 square feet situated on a 2.15-acre lot in the vibrant Times Square Plaza of Downtown Crete, Illinois. The portfolio comprises a diverse mix of commercial properties, including two office buildings, a restaurant, and two bars. A strategically positioned mixed-use building adds further value, combining office space, retail units, and residential apartments. The property benefits from recent exterior renovations, presenting a modern façade while retaining its distinctive charm. Located in the heart of Downtown Crete, this portfolio enjoys unparalleled visibility and benefits from the significant foot traffic generated by the annual Crete Country Christmas event held in Times Square Plaza. This prime location ensures consistent exposure and strong potential for rental income and future appreciation. The property's diverse tenant mix and established presence within a thriving community make it an attractive and stable investment. The combined square footage and variety of uses offer significant flexibility for future development or expansion. This is a rare opportunity to acquire a substantial and well-positioned commercial portfolio in a dynamic and growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crete
- County
- Will
- State
- Illinois
- Longitude
- -87.631
- Latitude
- 41.4429
