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968-980 Main St 12,000 SF 100% Leased Retail Building Crete, IL 60417 $1,200,000 ($100/SF)
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built
1950
Price
$1,200,000
Price Per SF
$100
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.80 AC
Zoning
B-2 Highway Service
Parking
36 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
1,000’ on Main St
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-15-05-416-002 | Improvements Assessment | $68,976 |
| Land Assessment | $17,790 | Total Assessment | $86,766 |
Property Taxes
Parcel Number
23-15-05-416-002
Land Assessment
$17,790
Improvements Assessment
$68,976
Total Assessment
$86,766
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968-980 Main St
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