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968-980 Main Street Crete, IL 60417 • Commercial - Business • Active

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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.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1950
Lot Size: 2.00 acres

General Information

County: Will
Listed By:
Listing Leaders Northwest 219-291-2227
MRED MLS
$1,200,000
Est. $7,853/mo
New to the Market Active
SQUARE FEET12,000 MLS#12598918
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Shown By

Maureen Behne
 (319) 759-1704

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968-980 Main Street, Crete, IL 60417.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,200,000$1,200,000$1,200,000
Down Payment $42,000$0$240,000
Monthly Mortgage Amount $7,159$7,448$5,833
Taxes $1670$1670$1670
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $720$0$0
Monthly Estimated Total $9,899$9,468$7,853

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