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    16041 Lincoln Hwy Plainfield, IL 60586

    Sponsored
    For Sale
    $849,900

    4,500 sq ft retail building, ample parking.

    Property size:
    4,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This impeccably clean, 4,500 square foot commercial building in Plainfield, IL, presents a fantastic opportunity. Currently configured as two suites (3,250 sq ft and 1,250 sq ft), it offers incredible flexibility. The steel construction with concrete exterior is durable and attractive. The property boasts 18 streetside parking spaces and beautifully landscaped grounds. The larger suite's layout includes space for various business needs, from reception to storage. The smaller suite offers additional options. Interior walls can be removed to create a 4,500 sq ft open space. The B3 zoning allows for a wide range of uses, including animal grooming, food and beverage sales, medical clinics, auto repair, and many more, with potential for special use permits. Separate utilities for each suite add convenience. Rear parking accommodates employees or fleet vehicles. A large 210x100 ft rear area offers additional outdoor storage or expansion potential. This property is ideally located and ready for your business vision.

    Property Features for 16041 Lincoln Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    4,500 SF

    Building Details

    Year Built
    1993
    Property Profile Location Intelligence

    Current Use by Public Records

    Midwest Music Academy Music Instructor Off The Press Printing ... Commercial Printer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.18372
    Latitude
    41.59161

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    FAQs

    What type of property is this?
    Retail property - 4,500 sq ft retail building, ample parking.
    Where is this retail property located?
    The property is located at 16041 Lincoln Hwy Plainfield, IL.
    What is the asking price?
    The asking price for this property is $849,900.
    (815) 955-9489
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    16041 Lincoln Hwy Plainfield, IL 60586
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    Plainfield, IL 60586
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16041 Lincoln Hwy Plainfield, IL 60586
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