Crete welcomes your business and we are committed to helping your business grow and prosper. We strive to create a favorable climate for business and pride ourselves on being a partner with development. This approach has allowed us to foster a win-win business climate for the community developer and end-user.
Tax Increment Financing Districts
The Village has established 3 Tax Increment Financing (TIF) Districts to aid in the development of Commercial and Industrial projects. We have successfully utilized incentives available to attract national and international companies.
With ample property available for commercial and industrial development and more than adequate sewer and water capacity available to serve development, we encourage you to explore the possibilities and opportunities that Crete can offer. Please contact Mike Smith, Village Administrator, for more information 708-672-2731.
Available Commercial, Industrial and Residential Real Estate
1. PARK OF COMMERCE
Approximate size: 64A in various sized lots
Zoning: I-2 and supports various sizes of light industrial uses. Retail and office uses are also possible.
Comments: This property is in TIF #4 and is along the west side of IL 394 between Steger Rd and Richton Rd. All sites are pad ready and have sewer and water on site. Storm water detention is a combined and shared system. Masonry construction is required and no outside storage is allowed. High traffic area along IL 394. This area is considered to be the gateway to the Village.
2. ST. JAMES PROPERTY
Approximate size: 7.85A
Comments: This property is well suited for low rise multi-family or when combined with property to the north in the Park of Commerce, could support a larger industrial building.
3. CRETE MARKETPLACE
Approximate size: 67A in various sized lots
Zoning: B-4 Planned Commercial District. This is a retail area.
Comments: High traffic count area along IL 394 which is on the west side of the .75 mile long frontage. The area has a variety of smaller sized lots and enough area to support more than one large user.
4. GOLO OUTLOT
Approximate size: .75A
Comments: This area is designed for a small 3-4 unit strip center. The owners (GoLo) are motivated to find occupants for the building they are proposing to build.
5. MAIN STREET 55 ACRES
Approximate size: 55A
Zoning: B-4, AG, R-2
Comments: This property is owned by the Village and fronts IL Rt 1 (Main Street) and has a wide variety of possible uses. It is in a TIF that expires in less than 9 years and the Village is actively seeking appropriate users.
6. FIRST COMMUNITY BANK-SPANOS
Approximate size: 5A
Comments: This location has a large dated commercial building on the property. It has a long history of a variety of uses and it was last used as an arcade and driving range. Currently it has basically 4 buildings of various sizes on site totaling roughly 24,000 sq ft. There is a large parking area that serviced the property. Property is bank owned and is in TIF #2.
7. MAIN & EXCHANGE CORNER
Approximate size: 2.42A
Comments: This property is on the SE corner of the main intersection in the old downtown area of Crete. It is presently for sale by the owner and the Village is actively seeking potential tenants to occupy retail space that would be newly constructed on site.
8. CSX PROPERTY
Approximate size: 1,063A
Comments: This property features 2 miles of railroad main line right of way frontage and 850A of contiguous property on the west side of the tracks spanning from MP 32 to MP 34 measuring roughly .75 miles wide. Offsite sewer and utility plans are already finished as well as conceptual plans for an intermodal terminal and industrial uses that can be rail served. The property is owned by CSX Transportation and the rail line is jointly owned by the CSX and Union Pacific.
9. SW CORNER OF STATE ST & STEGER RD
Approximate size: 24A
Comments: This site is Village owned property and is currently zoned RE and could be re-zoned based upon the intended use. The property borders the Village of Steger on the west and north and was once intended to be residential.
10. SOUTHEAST INDUSTRIAL TIF #3 AREA
Approximate size: 365A
Comments: This vast area consists of privately owned properties, the two largest of which are 80 and 160 acres in size. Most of the property is in TIF #3 and access to sewer and water can be brought to the site using TIF funds. There are already three large and several smaller users located in the area that have taken advantage of TIF funding and lower Will County taxes. Being zoned I-1 allows for a wide variety of uses.
11. KROL 80A ON RICHTON RD
Approximate size: 80A
Zoning: I-2, AG
Comments: This property is just off of IL Rt 394 at Richton Road, which is a signaled intersection and provides easy access to I-80. Although zoned as agricultural, the site is well suited for a larger warehouse user and has utilities adjacent to the property.
12. WALT’S AREA
Approximate size: 160+A
Comments: The property around the Walt’s Grocery Store and Ace Hardware is also owned by Walt’s and could be developed into a variety of similar uses as well as housing. The site has Village water, however sewer is not presently on site but could be provided with the right kind of project.
13. GIAMMARCO PROPERTY
Approximate size: 25A
Zoning I-1, AG
Comments: This property boasts corner frontage on West Richton Road and Chicago Road/IL Rt 1/N. Main Street. There is one industrial use adjacent to the property on the west side and water and sewer are available as well as potential TIF benefits to the right use. In the past this property has been very attractively priced by the owner.
14. GRAND PRAIRIE CROSSING
Approximate size: 41A
Comments: This property was expected to be developed as single family residential, however the 2008 economic downturn as well as other issues rendered the plan dormant. The property is currently for sale at a bargain price and engineering is complete.
15. HORN PROPERTY
Approximate size: 15.4A
Comments: This property has rail frontage and also frontage on Crete-Monee Road. Presently there are no utilities on the site.
16. BULT PROPERTY OLD MONEE RD TO NEW MONEE RD
Approximate size: 70A
Zoning: Not presently zoned or in the village limits but the owner has expressed interest in annexation.
Comments: This property is just north of the CSX Property and could easily be annexed and would be serviced by the off-site sewer and water lines that would be installed to service the CSX intermodal site. This property would be suitable for industrial zoning.
17. CRETE RD AREA
Approximate size: 153.8A
Comments: The majority of this property is owned by the Village and would likely best be used for a public purpose such as recreation or sports facilities. Sewer and water are on site and it is a large very flat piece of property with good access.
Note: Recent traffic counts from the Village are available for locations along IL Rt 394 and the N. Main Street area. Residential lots are available at various locations in the village as infill opportunities. Also, there are some larger uncompleted subdivisions that are available. In all cases we encourage interested parties to contact Michael Smith, Village Administrator for assistance in obtaining further specific information. He can be reached at 708-672-2731.