800 Theodore ST, Crest Hill, IL 60403
800 Theodore ST, Crest Hill, IL 60403
800 Theodore ST, Crest Hill, IL 60403
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Cristina Gluszek

Cristina Gluszek

+1(815) 557-3821
$1,939,000
Est. payment /mo
15,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $129

MLS Listing ID 12677524

Year Built 1960

Annual Tax Amount $19,414

Tax Year 2025

Lot Dimensions 255' X 131

Property Sub-Type Retail/Stores

Property Description

Ellsbury Group is pleased to present Theodore Plaza, a 15,000 SF grocery-anchored multi-tenant retail center in Crest Hill, Illinois. Offered at $1,939,000 - an 8.49% in-place cap rate rising to 9.24% upon lease-up of the final 634 SF suite, roughly $130 per square foot and below replacement cost. The center is approximately 95.7% leased to five established, necessity-based tenants: anchor Carniceria Flores (grocery and meat market), My Waffle family restaurant, Marchelloni's Pizza, Estillo's Hair Salon, and AXO Brands apparel printing. In-place NOI is $164,670, increasing to a stabilized $179,070 on lease-up of the one remaining suite. Positioned at the NWC of Theodore Street and Raynor Avenue with ~23,000 vehicles per day, pylon signage and more than 50 surface parking spaces, the property draws from a dense, growing infill trade area - Crest Hill's population is up 51.7% since 2000, minutes from I-80, US-30 and IL-53. A stable, well-located retail investment with a defined value-add path. Offered as-is; certified rent roll and income/expense statement available upon request.

Location

State IL

County Will

Area Crest Hill

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected

Building

Dwelling Type Retail/Stores

Water Community Water

Structure Type Brick,Block

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Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeremy Slowinski of  Ellsbury Group LLC 

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Cristina Gluszek
Cristina Gluszek

Broker | License ID: 475.192218

+1(815) 557-3821

closingwithcristina.com/

13246 S Route 59, Suite 106, Plainfield, IL 60585

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