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$ 1,900,000
Est. payment | /mo
10,062 SqFt
$ 1,900,000
Est. payment | /mo
10,062 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 10,062 sqft
Price per Sqft $188
MLS Listing ID 12615863
Year Built 2004
Annual Tax Amount $26,151
Tax Year 2024
Lot Size 1.470 Acres
Lot Dimensions 1.47
Property Sub-Type Office/Tech
Property 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. Previous tenants have included a cardiologist, Family Practice, Geriatrics. Internal Medicine, Pain Clinic, Nuclear Medicine, Physical Therapy, Podiatry and Chiropractor. This property is adjacent to a large 55+ community, capturing patients and patrons within walking distance.
Location
State IL
County Will
Area Crest Hill
Zoning COMMR
Interior
Cooling Central Air
Flooring Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Fiber
Building
Dwelling Type Office/Tech
Water Municipal Water
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Leah Erickson of Coldwell Banker Commercial Real Estate Group
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