Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19755 Torrence Ave Crete, IL 60417

    • Neighborhood centers
    • 12,599 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 19755 Torrence Ave

    Property size
    12,599 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Lynwood Plaza, located at 19755-19771 S Torrence Ave in Lynwood, Illinois (zip code 60417), offers exceptional retail space for lease. This B-1 zoned strip center in Cook County boasts a total of 12,599 square feet, with 3,600 square feet currently vacant. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various business needs. The property enjoys a prime location on busy Torrence Avenue, benefiting from high visibility and convenient access. A significant advantage is its proximity to over 850 newly constructed homes within a quarter-mile radius, ensuring a strong and growing residential customer base. This presents a unique opportunity to establish or expand a business within a thriving community alongside a mix of established local tenants. The property's strategic location and ample space make it an ideal investment for businesses seeking high foot traffic and a strong local market. The property is situated at latitude 41.53634702 and longitude -87.55853912.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crete
    County
    Cook
    State
    Illinois
    Longitude
    -87.5585
    Latitude
    41.5363

    Comparable in this City

    • Value Estimation by Request

      1395b Main St

      Office Properties & Spaces
      1395b Main St, Crete, IL 60417
      View Details
    • Value Estimation by Request
      24,389 SF

      1395-1407 Main St

      Commercial real estate • 24,389 SF
      1395-1407 Main St, Crete, IL 60417
      View Details
    • Value Estimation by Request
      5.09 Acres

      3540 Eagle Nest Dr

      Land • 5.09 Acres
      3540 Eagle Nest Dr, Crete, IL 60417
      View Details
    • Value Estimation by Request
      2.30 Acres

      Technology Dr

      VACANT COMMERCIAL LAND • 2.30 Acres
      Technology Dr, Crete, IL 60417
      View Details
    • Value Estimation by Request
      1.90 Acres

      Hartman Dr

      INDUSTRIAL - VACANT LAND • 1.90 Acres
      Hartman Dr, Crete, IL 60417
      View Details
    • Value Estimation by Request
      0.29 Acres

      1247 1st St

      VACANT COMMERCIAL LAND • 0.29 Acres
      1247 1st St, Crete, IL 60417
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,651 SF

      Crete, IL Multi-Tenant Property

      Historic building, brewery, restaurant, patio.
      1338 Main St, Crete, IL 60417
      View Details
    • Contact for pricing
      18,651 SF

      Multi-Tenant Building on Main Street

      Two-story, multi-tenant building with bar and restaurant potential.
      1334-1338 Main St, Crete, IL 60417
      View Details
    • $849,900
      0.38 Acres

      Crete Commercial Property with Bar

      Commercial property featuring a bar and additional rental unit.
      1361 Benton St, Crete, IL 60417
      View Details
    • $849,900

      Crete Commercial Bar and Grill

      Well-known neighborhood bar and grill with additional income potential.
      1361 Benton St, Crete, IL 60417
      View Details
    • Contact for pricing
      18,651 SF

      Crete Multi-Tenant Retail Restaurant Building

      Two-story, 18,651 SF multi-tenant building with bar, restaurant, and retail.
      1338 Main St, Crete, IL 60417
      View Details
    • New
      $49,900

      Residential Lot in Crete, IL

      Residential lot available for building a dream home.
      24473 Potomac Ct, Crete, IL 60417
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      12,599 SF

      Lynwood Plaza Retail Space for Lease

      High-traffic retail center, spaces available
      19755 Torrence Ave, Crete, IL 60417
      View Details
    • $12 SF/Yr
      16,651 SF

      Crete, IL Mixed-Use Property

      Historic building, brewery equipment included
      1338 Main St, Crete, IL 60417
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease suitable for various uses.
      23802 Volbrecht Rd, Crete, IL 60417
      View Details
    • Contact for pricing

      Industrial/Office Warehouse Available 2025

      4,743 SF industrial/office warehouse in Crete, IL. Available 2025.
      1221 Commerce Dr, Crete, IL 60417
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19755 Torrence Ave
    Crete, IL 60417
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.