Crete, IL
Commercial Real Estate Market Trends & Data

$168 Avg asking sale price
$28,010 Avg asking lease rate
115,130 SF Avg unit lease size
19,699 SF Avg building size for sale

Crete's Demographic Profile

Crete has 3,163 households and a median income of $87,990, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 8,240
# Households 3,163
Median age 46
Median household income $87,990
Avg household size 3.0
Renter-occupied housing units 498
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Crete, IL

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Crete $131 9,780 SF
Steger $103 7,564 SF
South Chicago Heights $122 6,538 SF
Sauk Village $174 6,732 SF
Park Forest $448 56,613 SF

Commercial Properties For Sale in Crete

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

31 AC Crete Township Farm

Crete, IL 60417

  • 31 AC Lot
  • 1 Agricultural Lot
  • $398,000
For Sale

Goodyear Tire and Auto Repair

South Chicago Heights, IL 60411

  • 10,660 SF Industrial Building
  • $775,000
For Sale

968-980 Main St

Crete, IL 60417

  • 12,000 SF Retail Building
  • $1,100,000
For Sale

Crete Park of Commerce

Crete, IL 60417

  • 1.81 - 8.80 AC Lots
  • 9 Commercial Lots
  • $228,122 - $4,034,946
For Sale

±11.57 AC Land Development Opp | SBA HUBZone

Steger, IL 60475

  • 11.57 AC Lot
  • 1 Residential Income Lot
  • $1,150,000
For Sale

1702 S Dixie Hwy

Crete, IL 60417

  • 2,800 SF Flex Building
  • $1,200,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

The 3 Most Common Types of Commercial Leases
The 3 Most Common Types of Commercial Leases
Understanding Gross, Net, and Percentage Lease Structures and Their Impact on Your Business
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Office Space Calculator
Office Space Calculator
Estimate How Much Space Your Team Really Needs
How to Buy a Church Building
How to Buy a Church Building
Learn the essential steps for evaluating, purchasing, and converting religious facilities into profitable investments
Balloon Payment Calculator
Balloon Payment Calculator
Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.
Types of Commercial Real Estate Investment Properties
Types of Commercial Real Estate Investment Properties
Understanding commercial properties and their investment potential
Raw Land vs. Unimproved Land
Raw Land vs. Unimproved Land
Learn the essential differences between raw and unimproved land to make informed commercial real estate decisions.
Starbucks Real Estate
Starbucks Real Estate
Top Starbucks Real Estate Listings: What Makes These Properties Prime Investments

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Crete pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Crete $168 19,699 SF
Steger $88 19,306 SF
South Chicago Heights $113 8,710 SF
Sauk Village $182 5,212 SF
Park Forest $170 63,355 SF

Regional Demographic Comparison

This comparison places Crete alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Crete or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Crete 8,240 3,163 46 $87,990 3 498 -1%
South Chicago Heights 4,065 1,511 38 $44,940 3 549 -2%
Park Forest 22,319 8,978 40 $58,505 2 3,312 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Crete, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Crete

View All Commercial Real Estate For Sale in Crete
Is Crete a good market for a first-time commercial real estate investor?

Crete offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Crete?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Crete. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Crete?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Crete. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Crete compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Crete. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Crete acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Crete, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports