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Property profile & analytics
OFF-MARKET
Land

0 Richton Rd Crete, IL 60417

16.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16.5-acre commercial land parcel presents a remarkable investment opportunity in Crete, Illinois. Ideally situated in Will County, this property boasts a highly desirable B-2 zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot offers significant potential for various uses, including retail, restaurants, or other commercial ventures. Its strategic location provides direct access to the heavily trafficked intersection of Route 394 and Richton Road, ensuring high visibility and accessibility for any business. The property's proximity to established businesses like Kohl's, Taco Bell, Culver's, and a future Starbucks further enhances its appeal and demonstrates the area's strong commercial activity. The 16.5 acres can be subdivided for sale or ground lease, providing flexibility for investors seeking different investment strategies. This exceptional location, combined with the favorable zoning and high traffic count, makes this property an ideal choice for developers and investors seeking a prime commercial land site in a thriving market. The APN is 23-15-02-404-002-0020. The address is E Richton Rd, Crete, IL 60417.

Property profile
Verified
Property type Land
Lot 16.5 ac (718,740 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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