547 Exchange St Crete, IL 60417-2137
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.