Property profile

1338 Main St Crete, IL 60417

FOR LEASE
Commercial land
Property ID
US28-3260350
0.06 ac lot
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1338 Main Street in Crete, Illinois, offers a unique investment opportunity. The building, originally constructed in 1911 and extensively renovated in 2021, boasts a total of 16,651 square feet across two stories. The first floor encompasses approximately 9,257 square feet and features a state-of-the-art brewery equipped with top-of-the-line equipment, ready for immediate operation. This space also includes an outdoor patio. The second floor, renovated in 2021, includes additional space currently occupied by tenants. An additional approximately 9,916 square feet of lower-level office and storage space is also available. Recent improvements include a new roof (2021), second-floor redesign (flooring and paint, 2021), and new water heaters for tenants (2021 and 2023). The property sits on a 0.2-acre lot and includes an elevator. Its prime location in Crete, Will County, Illinois, approximately 35 miles south of Chicago and near the Indiana border, offers excellent accessibility and visibility. This is a rare chance to acquire a fully equipped brewery and restaurant space in a thriving community. The property's historical charm combined with modern updates makes it an ideal investment for a discerning buyer. The APN is 23-15-09-314-002.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.06 ac (2,614 SF)
APN 23-15-09-314-014
UPID US28-3260350

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Production Facility Brewery & Distillery

Location

1338 Main St Crete, IL 60417
Crete metro Census 883804 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2015
3 recorded transactions
2020
Price N/A
2015
$480,000
1969
Price N/A

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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More about this property
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