Freestanding Red Robin
For Sale
$2,400,000
12646 S Route 59, Plainfield, IL 60585
Vacant commercial building with a freestanding configuration and existing restaurant-oriented improvements.
Property Size70,437 SF
Price / SF$375
Days on Market52
Property Features for 12646 S Route 59
General Information
Standard status
Active
Size
70,437 SF
Property subtype
Retail
Building Details
Building Size
70,437 SF
Year Built
2005
Listing Agency:
Mid-America Real Estate
Listed By:
George Ghattas · License #475135588
(630) 954-7398
Source:
Midamericagrp
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 16 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant freestanding storefront property contains 6,400 square feet and was constructed in 2005. The building is identified as a Red Robin location and offers an existing commercial structure for evaluation by prospective purchasers.
The property is situated in Plainfield, Illinois. Specific access, frontage, zoning, parking, and building-system details are not included in the available property information.
The property is situated in Plainfield, Illinois. Specific access, frontage, zoning, parking, and building-system details are not included in the available property information.
Key Highlights
- 6,400‑square‑foot freestanding storefront property
- Vacant Red Robin location
- Constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,476
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,520
$1.5M
Cap Rate 7%
$1,092,514
$1.1M
Cap Rate 9%
$849,733
$849.7K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$109.1K $17.04/SF
− Vacancy
−$7.1K −$1.11/SF
EGI
$102.0K $15.93/SF
− OpEx
−$25.5K −$3.98/SF
NOI
$76.5K $11.95/SF
Area
Will County, IL
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,520
Cap Rate 7%
$1,092,514
Cap Rate 9%
$849,733
Alternative Uses
Best Use
Specialty Retail
$1.09M
$956.0K – $1.27M
NOI $76,476 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,606 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
216k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 34%
Shops & Services 15%
Apparel 8%
Target
Superstores
72,945 visits/mo
0.2 miles
McDonald's
Dining
22,112 visits/mo
0.2 miles
Ross Dress for Less
Apparel
16,291 visits/mo
0.1 miles
Five Below
Shops & Services
15,226 visits/mo
0.1 miles
Panera Bread
Dining
13,461 visits/mo
0.1 miles
Demographics for 60585, IL
24,920
Population
7,723
Households
3.2
Avg Household Size
36
Median Age
61%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
1,672
Density / Sq Mi
$151,202
Median Household Income
$67,211
Median Earnings
$2,326
Median Rent
$416,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with a freestanding configuration and existing restaurant-oriented improvements.
Where is this storefront property located?
The property is located at 12646 S Route 59 Plainfield, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6,400‑square‑foot freestanding storefront property; Vacant Red Robin location; Constructed in 2005
