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$1,100,000
Est. payment /mo
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $91
MLS Listing ID 12598918
Year Built 1950
Annual Tax Amount $9,454
Tax Year 2024
Lot Dimensions 1000 X 150
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Will
Area Crete
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick,Block
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Listed by Nick Oosting of Listing Leaders Northwest