Times Square Plaza of Crete 1395-1407 Main St 24,389 SF 100% Leased Retail Building Crete, IL 60417 $2,700,000 ($110.71/SF) 9.17% Cap Rate

INVESTMENT HIGHLIGHTS

  • High visibility location
  • Plenty of parking

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,389 SF
Building Class
C
Year Built
1968
Price
$2,700,000
Price Per SF
$110.71
Cap Rate
9.17%
NOI
$247,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
2.15 AC
Zoning
B-1 - Central Business District

NEARBY MAJOR RETAILERS

Curves
Anytime Fitness
BMO

PROPERTY TAXES

  • Listing ID: 33630066

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 1395-1407 Main St, Crete, IL 60417