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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,100,000

Est. payment | -/mo

12,000 SqFt

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$ 1,100,000

Est. payment | -/mo

Save

12,000 SqFt

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

Listed by Nick Oosting of Listing Leaders Northwest

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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968-980 Main ST Crete, IL 60417