1395-1407 Main St - Storefront Retail/Office FOR SALE


Crete, IL 60417
$2,750,000 USD
708-244-2662
1395-1407 Main St, Crete, IL for Sale
$2,750,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | 9% Cap Rate

1395-1407 Main St
Crete, IL 60417


HIGHLIGHTS

  • High visibility location
  • Plenty of parking

OVERVIEW

Discover a prime investment opportunity in the heart of Downtown Crete with this remarkable portfolio featuring six buildings, totaling 24,389 square feet on a generous 2.15-acre lot, all situated in Times Square Plaza. This comprehensive collection includes two office buildings, one restaurant, and two bars, alongside a mixed-use building that combines office, retail, and residential apartments. Recent exterior updates enhance the property's appeal, ensuring a modern look while maintaining its unique character. Times Square Plaza is not only a vibrant commercial hub but also hosts Crete's annual Country Christmas event, drawing significant foot traffic and community engagement. This strategic location guarantees high visibility, making it a coveted asset for any investor.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Times Square Plaza of Crete

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

B-1

APN/PARCEL ID

15-09-331-005

ASK ABOUT THIS PROPERTY

Madison WatsonOlivieri Real Estate, LLCMore Info
708-244-2662

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Madison WatsonOlivieri Real Estate, LLCMore Info
708-244-2662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.