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1640 Willow Circle Dr 10,062 SF Office Building Crest Hill, IL 60403 $2,617,250 CAD ($260.11 CAD/SF)
Investment Highlights
- Heavy Daytime Traffic on US 30, Larkin/IL-7 with easy access to I-55 and I-80
- Fully accessible building
Executive Summary
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 57 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.
Taxes & Operating Expenses (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$36,023
|
$3.47
|
| Operating Expenses |
$29,726
|
$2.86
|
| Total Expenses |
$65,749
|
$6.33
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $36,023 |
| Annual Per SF | $3.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,726 |
| Annual Per SF | $2.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,749 |
| Annual Per SF | $6.33 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
10,062 SF
Building Class
C
Year Built
2004
Price
$2,617,250 CAD
Price Per SF
$260.11 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,062 SF
Building FAR
0.16
Lot Size
1.47 AC
Zoning
B-2 - No TIF benefits, facade grant eligible
Parking
55 Spaces (5.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-04-32-303-060 | Total Assessment | $446,266 CAD |
| Land Assessment | $12,015 CAD | Annual Taxes | $36,023 CAD ($3.58 CAD/SF) |
| Improvements Assessment | $434,251 CAD | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
11-04-32-303-060
Land Assessment
$12,015 CAD
Improvements Assessment
$434,251 CAD
Total Assessment
$446,266 CAD
Annual Taxes
$36,023 CAD ($3.58 CAD/SF)
Tax Year
2024 Payable 2025
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1640 Willow Circle Dr
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