Technical
Financial
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Property profile

1999 Exchange St Crete, IL 60417

OFF-MARKET
Land
2.65 ac lot
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Property summary

AI-generated overview

This exceptional 2.65-acre commercial land parcel presents a prime investment opportunity in Crete, Illinois. Located at 1999 W Exchange St, this property boasts 442 feet of frontage on Exchange Street, offering unparalleled visibility between Route 1 and Western Avenue. Its strategic location just west of Crete-Monee High School ensures high traffic volume and excellent exposure. The asking price is $220,000, translating to a land value of $1.91 per square foot. This property is zoned for commercial use and is eligible for Tax Increment Financing (TIF) incentives for qualifying developments. Its proximity to Interstate 80 provides easy access to major transportation routes, making it an ideal location for a variety of commercial ventures. The expansive lot size and high visibility make this an exceptional opportunity for businesses seeking a prominent presence in a growing community. The property is situated in Will County, Illinois, with a zip code of 60417. Serious inquiries are encouraged to explore the potential of this remarkable commercial land offering.

Property profile

Verified
Property type Land
Lot 2.65 ac (115,434 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1999 Exchange St Crete, IL 60417
Crete metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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