1012-1040 E Steger Rd, Crete, IL

Shopping Center for Sale - $881,000 - 10,200 Sq. Ft. on 2 acres


Agent Info

George Spirrison
Adelphia Properties

Property Info

CIMLS#1066786
Location
  1012-1040 E Steger Rd
  Crete IL 60417
UpdatedJanuary 30th, 2020
TypeShopping Center
Price$881,000
Building10,200 Sq. Ft.
Land2 acres

Contact


Property Description

10,200 SF VALUE-ADD RETAIL CENTER

* Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces

* Two Vacant Units Providing 35% Upside

* Internet Resistant

* Outstanding Frontage, High Visibility Site & Easy Access Points

* Ample Residential Rooftops Surround Site

* Strong Daytime Population & Residential Density

* Over 100,000 Residents Within Five Miles w/ An Average Household Income Of $71,210

* Located 1 Mile West of the Calumet Expressway (I-394)

* Priced Well-Below Replacement Cost at $86.37 Price Per SF

* 8.67% Cap Rate