This exceptional mixed-use investment property, located at 1395 Main St in Crete, Illinois (60417), presents a unique opportunity. The portfolio comprises six buildings totaling 24,389 square feet situated on a substantial 2.15-acre lot within the vibrant Times Square Plaza. Built between 1968 and 1978, the property includes a diverse mix of commercial spaces: a restaurant, two bars, and office buildings. One building offers a blend of office, retail, and residential apartments. The property benefits from recent exterior updates, preserving its character while enhancing its appeal. Its prime location in Times Square Plaza, a hub for community events such as Crete's annual Country Christmas, ensures high foot traffic and strong community engagement. The property is zoned B-1 and features two stories across the six buildings. The legal description includes APN 23-15-09-331-001-0000 and six additional PINS. Ownership is held in trust. This presents a compelling investment opportunity in a thriving Illinois community. The asking price is $2,750,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,884,286
Hospitality
$2,641,991
Educational
$2,198,106
Medical
$2,273,702
Retail
$3,419,275
Location Insight
City
Crete
County
Will
State
Illinois
Latitude
41.443
Longitude
-87.6305
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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