For Sale
Crete, IL
Commercial Real Estate Market Trends & Data
$168
Avg asking sale price
$10
Avg asking lease rate
112,287 SF
Avg unit lease size
18,512 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 | $127 | 6,891 SF |
| South Chicago Heights | $122 | 6,538 SF |
| Sauk Village | $174 | 6,732 SF |
| Park Forest | $246 | 30,689 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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | 18,512 SF |
| Steger | $115 | 15,416 SF |
| South Chicago Heights | $97 | 7,832 SF |
| Sauk Village | $204 | 3,812 SF |
| Park Forest | $178 | 57,725 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 Market Trends
- Hammond Market Trends
- Merrillville Market Trends
- Mokena Market Trends
- Tinley Park Market Trends
- Lansing Market Trends
- Frankfort Market Trends
- Calumet City Market Trends
- South Holland Market Trends
- Matteson Market Trends
- Schererville Market Trends
- Crown Point Market Trends
- University Park Market Trends
- Chicago Heights Market Trends
- Munster Market Trends
- Harvey Market Trends
- Park Forest Market Trends
- Homewood Market Trends
- Blue Island Market Trends
- Ford Heights Market Trends
- View more
- View less
