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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.
Full Property Details
Full Property Details for MLS# 12615863
General
- Price: $1,900,000
- Taxes: $26,151 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12615863
- Updated: 4/18/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Accessible Entrance, Accessible Washroom/s, Inside Corridor(s), Multi-Tenant
- Flooring: Varies
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s), Smoke or Fire Protectors
Location
- Area: Crest Hill
- County: Will
- Township: Lockport
- Driving Directions: From I-55 north toward Chicago, take exit US-52 (Jefferson St). Turn right (east) on Jefferson, left on Larkin Ave (north), turn right onto Theodore St, and left on Knapp St, then right onto Willow Circle Dr, property is on your immediate right. From I-80 take Larkin Ave/IL 7 exit north, turn right onto Theodore St, and left on Knapp St, then right onto Willow Circle Dr, property is on your immediate right.
- Location Details: Southwest Suburban, Corner, Mixed-Use Area, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available, Fiber
Structural Information
- Foundation: Concrete Perimeter
- Sub-Flooring: Varies
- Stories/Levels: 1
- Square Feet: 10,062
- Current Bldg. Use: Commercial, Medical/Dental
- Year Built: 2004
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 1.47
- Lot Size (Sq. Ft.): 64,033
- Lot Dimensions: 1.47
- Frontage: City Street, Public Road
- Potential Use: Commercial, Office, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $28
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $21,580
- Security Deposit: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors
- Assessment Year: 2004
- Tax Amount: $26,151
- Tax Year: 2024
- Tenant Pays: Common Area Maintenance, All Utilities
Disclosures and Reports
- Property ID: 1104323030600000
Listed by Coldwell Banker Commercial Real Estate Group
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Schools
Schools serving MLS# 12615863
School Districts:Richland School District 88a, Lockport Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Richland Elementary School, Crest Hill, IL 1919 Caton Farm Road, Crest Hill, IL 60403 | PK-8 | 1.1 mi |
Lockport Township High School East 1333 East 7th Street, Lockport, IL 60441 | 9-12 | 5.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 12615863
Date
Details
Price
Change
Source
4/16/2026
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 12615863
MLS# 12615863, Crest Hill, IL 60435 (MLS# 12615863) is a Commercial property. MLS# 12615863 is currently listed for $1,900,000 and was received on April 16, 2026. Want to learn more about MLS# 12615863? Do you have questions about finding other Commercial real estate for sale in Crest Hill? You can browse all Crest Hill real estate or contact a Coldwell Banker agent to request more information.

