1395-1407 Main St Crete, IL 60417
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 faГ§ade 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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.