1001 Columbia StSteger, IL 60417

Property Details for 1001 Columbia St

Lot size

14.33 AC

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 14.33-acre industrial land parcel, located at 1001 Columbia Street in Crete, Illinois (Will County, zip code 60417), presents a compelling investment opportunity. Zoned I-1, this property offers significant potential for various industrial uses. The asking price is $1,715,000, translating to a land value of $3.05 per square foot. A key advantage is the existing easement lease generating $6,000 in annual income. The property benefits from its location within a Tax Increment Financing (TIF) district, extending through 2028, offering potential tax advantages. Furthermore, the seller is open to considering financing options, making this property more accessible to a wider range of buyers. Conveniently situated just 11 miles from I-294, this location provides excellent access to major transportation arteries. Low Will County taxes further enhance the attractiveness of this investment. This property is ideal for developers or businesses seeking a strategically located industrial site with existing income and potential for future growth. The property's address is verified as 1001 Columbia St, Crete, IL 60417. The latitude and longitude coordinates are 41.455764, -87.635727 respectively.

Location Insight

City

Steger

County

Will

State

Illinois

Latitude

41.4558

Longitude

-87.6357

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