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Crest Hill, IL 60435 Commercial - Retail New

New - 10 Hours Ago
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Description

Position your business in one of Crest Hill's most accessible and flexible office/medical environments. This 10,062 SF single-story, multi-tenant building offers a rare opportunity for both owner-users and investors seeking versatility, visibility, and long-term upside. Situated on a 1.47-acre corner lot, the property features strong frontage along Larkin Ave (IL-7) with convenient access to both I-55 and I-80, placing it in the heart of the Southwest suburban growth corridor. Originally constructed in 2004, the building is well-maintained and designed to accommodate a wide range of uses including medical, professional office, financial services, or retail conversion. The layout supports multi-tenant occupancy with suite sizes from approximately 500 SF up to 9,562 SF, allowing for phased occupancy or lease-up strategies. With 55 parking spaces and accessible building features, the property is well-equipped to serve high-traffic professional users. A near-term value-add opportunity exists, as the property will be largely vacant by mid-2026, presenting an ideal scenario for an owner-user to occupy the majority of the building while generating supplemental income from an existing tenant in place through 2028. Whether stabilizing as an income-producing asset or repositioning for a single user, 1640 Willow Circle Dr delivers flexibility, strong infrastructure, and a strategic location within a dense and growing commercial corridor.

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 2004
Lot Size: 1.47 acres

General Information

County: Will
Listed By:
Coldwell Banker Commercial Real Estate Group 630-844-2222
MRED MLS
$1,900,000
Est. $12,434/mo
New to the Market New
SQUARE FEET10,062 MLS#12615863
STATUSNew PROPERTY TYPECommercial - Retail

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Please Call For Address, Crest Hill, IL 60435.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,900,000$1,900,000$1,900,000
Down Payment $66,500$0$380,000
Monthly Mortgage Amount $11,336$11,793$9,236
Taxes $2644$2644$2644
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,140$0$0
Monthly Estimated Total $15,674$14,991$12,434

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