request_info_guest true

Restaurant and Bar | 2-Story Retail in Downtown Crete

Market Price

1338 Main St, Crete, IL 60417

Active
Last Updated: 03/11/2025

2.71

Cap Rate

60,993.52

NOI

Details:
Cap Rate:    2.71%
NOI:    $60,993.52
Building Size:    18,651 sqft
Lot Area:    0.2 acres
Occupancy:    100%
Units:    3
Year Built:    1911
Floors:    2
Highlights:
  • ±18,651 SF Two-Story, Multi-Tenant Building
  • Bar Business, Restaurant and Real Estate Available
  • Lower Level Storage and Office | Tasting Room
  • Surface Parking for 20 and Public Parking Across the Street
  • Floor Drains | Walk-in Cooler
  • Heavy Power | 800 Amp/ 3P/240 V
  • New Roof (2021) | Renovated 2021
  • Will County | Frontage on Main Street
Description:

SVN Chicago Commercial is pleased to present a ±18,651 SF Two-Story, Elevatored, Multi-Tenant Retail and Restaurant Building with Patio located at 1338 Main Street in Crete, Illinois. This historical W M Seggebruch building has been renovated former Evil Horse Bar occupies the first floor, with private entry to second floor Restaurant and Polaris Martial Arts which occupies the second floor. Additional Lower Level office and storage. New roof and Second Floor redesign (flooring and paint) in 2021 and new water heaters for tenants in 2023. Full liquor license for new bar operator available with new entertainment area. Incentives within TIF District #2.

Crete is a Village in Will County, Illinois approximately 35 miles south of Chicago and near the Indiana state line.

Map:
Documents:
Title
SVN - Lease Brochure 2024
View
SVN_-_Sale_Brochure_2025.pdf
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery