Office Warehouse
Crete Park Warehouse
1221 Commerce Dr, Crete, IL 60417
Listing Price: $1,790,000
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
Crete Park Warehouse
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
Financing By
Listing Price: $1,790,000
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
Financing By
