Listed by Network Commercial Real Estate, Network Real Estate Group
$1,835,000
Crest Court
Details
Property Type Retail, Office
Sub Type Executive Office
Square Footage 23,203
Cap Rate 10.79%
NOI $188,070
Occupancy 91%
Tenancy Multi
Price per SqFt $79
Class B
Retail | 10.79% CAP | 23,203 SqFt
Marketing description
This mixed use office/retail multi-tenant building boasts a 100% occupancy rate. Its smaller units lead to easier to lease spaces and minimal re-tenanting expenses. Building features recent facade updates, new landscaping and completely new parking lots. A new monument sign was added in November 2023. Current ownership has taken great pride in making significant improvements.
Excellent location Interstate access via 1-294 and 1-80 at the Dixie Highway interchange is 5 minutes away Southwest corner of East carriageway Drive and 175th street. An average of 14,700 cars per day travel this major east-west thoroughfare. Public transportation is available directly to property. Local access available via Kedzie avenue. Traffic count on Kedzie is an average of 22,200 cars per day. The property is one block north of South Suburban Hospital and a few blocks north of Homewood-Flossmoor High School
Investment highlights
- 10.8% Cap rate
- 100% occupancy!
- Many recent updates including exterior painting and all new landscaping
- Both north and south parking lots completely replaced to gravel base
- New Monument Signage
- Priced at 10.25% cap
Listing Contacts
Listed by Network Commercial Real Estate, Network Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,070.00
$15,672.50/mo
Valuation Metrics
0
DSCR
10.25%
Cap Rate
10.25%
ROI
Map
Zoning
R-1 ResidentialSingle FamilySingle Family Residence
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View all 23 uses
View all 23 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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