968-980 Main St - Freestanding FOR SALE


Crete, IL 60417
$1,200,000 USD
630-284-9624
968-980 Main St, Crete, IL for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/54
null | Request Cap Rate

968-980 Main St
Crete, IL 60417


OVERVIEW

Prime investment opportunity in the heart of Crete! This well-maintained mixed-use property at 968-980 Main St features 7 fully occupied units with a proven track record of stability and long-term tenancy-most occupants have been in place for 10+ years, providing immediate and reliable cash flow. Significant recent capital improvements include new Phase 3, 480V electrical service, a newly installed parking lot, updated shop/overhead doors, and a new mansard roof, minimizing near-term maintenance expenses and enhancing overall property value. Strategically positioned within a TIF (Tax Increment Financing) district, offering potential financial incentives for future improvements or redevelopment. Investors will also benefit from lower Will County taxes, further strengthening returns. This is a rare opportunity to acquire a turnkey, income-producing asset with strong fundamentals, durable tenants, and value-add potential in a growing corridor.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

B-2 Highway Service

APN/PARCEL ID

23-15-05-416-002

ASK ABOUT THIS PROPERTY

Nick OostingListing Leaders NWMore Info
630-284-9624

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Nick OostingListing Leaders NWMore Info
630-284-9624

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