1999 Exchange St Crete, IL 60417
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.