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Office Warehouse

Crete Park Warehouse

1221 Commerce Dr, Crete, IL 60417

Listing Price: $1,790,000

Cap Rate
6.90%
Gross SF
20,031
Price/Gross SF
$89.36
Lot Size
2.80 acres
Year Built
2004
Rentable SF
20,031

Investment Overview

Marcus and Millichap is pleased to exclusively present 1221 Commerce Drive in Crete, IL. The subject offering is comprised of 20,031 SF rentable build area sitting on a 2.8 Acre lot and is currently 100% occupied by four tenants. There is available parking for tenants, 4 drive-in’s, and the property was recently upgraded in 2019. Located just off of Calumet Expressway which connects the property to a number of major routes and highways. The market in Crete has seen a bump in rents with a 8.9% increase YoY and a 29.8% increase of total SF leased within the past year

Investment Highlights

  • Multi-tenant building offering tenants 4 drive-ins and 40+ parking spaces.
  • Crete's industrial market has seen an annual rent growth increase of 8.9%.
  • Conveniently located just off of Calumet Expy seeing over 30,700 VPD.
  • Located 5 miles from Peotone Airport, 3 miles from Indiana Border, and 7.5 miles from 294, 94 & I-80.
  • 45 Minutes from Chicago Midway International Airport.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Office Warehouse

Crete Park Warehouse

Listing Price: $1,790,000

Cap Rate
6.90%
Gross SF
20,031
Price/Gross SF
$89.36
Lot Size
2.80 acres
Year Built
2004
Rentable SF
20,031

Investment Highlights

  • Multi-tenant building offering tenants 4 drive-ins and 40+ parking spaces.
  • Crete's industrial market has seen an annual rent growth increase of 8.9%.
  • Conveniently located just off of Calumet Expy seeing over 30,700 VPD.
  • Located 5 miles from Peotone Airport, 3 miles from Indiana Border, and 7.5 miles from 294, 94 & I-80.
  • 45 Minutes from Chicago Midway International Airport.

Investment Overview

Marcus and Millichap is pleased to exclusively present 1221 Commerce Drive in Crete, IL. The subject offering is comprised of 20,031 SF rentable build area sitting on a 2.8 Acre lot and is currently 100% occupied by four tenants. There is available parking for tenants, 4 drive-in’s, and the property was recently upgraded in 2019. Located just off of Calumet Expressway which connects the property to a number of major routes and highways. The market in Crete has seen a bump in rents with a 8.9% increase YoY and a 29.8% increase of total SF leased within the past year

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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