Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1640 Willow Circle Dr Crest Hill, IL 60435
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1640 Willow Circle Dr Crest Hill, IL 60435

    View on Map
    • Commercial real estate
    • 1.47 lot acres
    For Sale
    $1,900,000
    View Listing →
    Versatile Crest Hill Commercial Building For Sale
    $1,900,000
    10,062 SF

    Versatile Crest Hill Commercial Building

    Multi-tenant building in a growing commercial corridor.

    1640 Willow Circle Drive, Crest Hill, IL 60435
    View Listing
    Property ID
    US28-5706115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1640 Willow Circle Dr

    Lot size
    1.47 lot acres
    Property type
    Commercial real estate
    APN
    11-04-32-303-060
    APU
    110432303060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.12
    Latitude
    41.5528
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,726
    $8,722
    $315,246
    $323,968
    -
    $26,166
    $945,738
    $971,904

    Comparable in this City

    • Value Estimation by Request
      8.83 Acres

      Weber And Renwick Rd

      Land • 8.83 Acres
      0 Weber And Renwick Rd, Lockport, IL 60403
      View Details
    • Value Estimation by Request
      0.27 Acres

      519 Pasadena Ave, Unit 2

      COMMERCIAL (GENERAL) • 0.27 Acres
      519 Pasadena Ave, Crest Hill, IL 60403-2470
      View Details
    • Value Estimation by Request
      1.10 Acres

      1520 Rock Run Dr Ste, Unit 20

      COMMERCIAL (GENERAL) • 1.10 Acres
      1520 Rock Run Dr Ste, Joliet, IL 60403-3153
      View Details
    • Value Estimation by Request
      17.62 Acres

      17441 Weber Rd

      COMMERCIAL (GENERAL) • 17.62 Acres
      17441 Weber Rd, Crest Hill, IL 60403-8710
      View Details
    • Value Estimation
      $20,000,000
      2.66 Acres

      1741 Willow Cir Dr, Unit 1

      COMMERCIAL (GENERAL) • 2.66 Acres
      1741 Willow Cir Dr, Crest Hill, IL 60403-2174
      View Details
    • Value Estimation
      $20,000,000
      2.66 Acres

      1741 Willow Cir Dr, Unit 12

      COMMERCIAL (GENERAL) • 2.66 Acres
      1741 Willow Cir Dr, Crest Hill, IL 60403-2176
      View Details

    Similar Nearby for Sale

    • $799,999

      Prime Commercial Outlot Pad Ready

      1.76-acre commercial pad in high-traffic area, utilities in place.
      20711 W Renwick Rd, Crest Hill, IL 60403
      View Details
    • $1,100,000

      Turn-Key Bowling Alley For Sale

      16-lane bowling alley with full kitchen, bar, and restaurant.
      905 Theodore St, Crest Hill, IL 60403
      View Details
    • $1,170,000
      0.92 Acres

      Shell Gas Station For Sale

      Operating gas station with real estate, business, and licenses.
      2350 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • $499,900
      2.50 Acres

      Prime Commercial Lot on Weber

      2.5-acre commercial lot in Crest Hill with high visibility.
      2213 Weber Rd, Crest Hill, IL 60403
      View Details
    • $695,000

      Prime Crest Hill Commercial Land

      1.4-acre corner lot, ideal for business.
      0 Division St, Crest Hill, IL 60403
      View Details
    • $2,100,000
      5,104 SF

      Halal Slaughterhouse and Retail Markets

      Vertically integrated Zabiha Halal meat operation with expansion potential.
      15921 Weber Rd, Crest Hill, IL 60403
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Crest Hill Industrial/Flex Space

      Prime industrial/flex space in Crest Hill, Illinois for lease.
      801 Brian Dr, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Commercial Space in Crest Hill

      Commercial space available for rent in Crest Hill, Illinois.
      2212 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space on Corner Lot

      Retail space with high traffic and easy access.
      2400 Caton Farm Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Turn-Key Bowling Alley For Rent

      16-lane bowling alley with full kitchen, bar, and restaurant.
      905 Theodore St, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details
    View Listing
    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.
    1640 Willow Circle Dr
    Crest Hill, IL 60435
    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.
    Sign Up Successful!
    You now have access to more from Realmo!