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Property profile & analytics
OFF-MARKET
Commercial real estate

547 Exchange St Crete, IL 60417-2137

1,103 SF 0.15 ac lot Built 1952
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US28-1865566
Property summary
AI-generated overview

This exceptional 1,931 square foot office building, located at 547 W Exchange Street in the heart of Downtown Crete, Illinois, presents a remarkable commercial opportunity. Previously occupied by State Farm, this property boasts four well-appointed office rooms and spaces, perfect for a variety of business configurations. A convenient kitchen area caters to staff needs, while a full basement offers substantial storage solutions. Accessibility is a key feature, with three separate exits and a ramp providing easy access for all. The building's prime downtown location ensures high visibility and a welcoming atmosphere for clients and employees. The flexible layout allows for adaptation to diverse business requirements. The property sits on a 0-acre lot. Prospective buyers are advised to independently confirm zoning regulations with the City of Crete to ensure compatibility with their intended use. This is an exceptional chance to establish or relocate your business in a thriving downtown setting. The asking price is $149,900. Don't miss this chance to secure this desirable commercial property.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Total area 1,103 SF
Lot 0.15 ac (6,534 SF)
APN 23-15-08-422-005
UPID US28-1865566
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bailey Commercial Properties LLC
Bailey Commercial Properties LLC
since 2025
Last sale
$149,900
6 recorded transactions
2025
Price N/A
2025
$149,900
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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