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    12690 Illinois Rte 59 Plainfield, IL 60585

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    For Sale
    Contact for pricing

    222,892 SF Big Box Storefront

    Property size:
    222,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a substantial 222,892 square foot former Walmart Supercenter situated on a sprawling 28.66-acre lot in Plainfield, Illinois. The property, built in 2005, features two single-story buildings with a net rentable area of 187,070 square feet. Its prime location along the Illinois Route 59 North Corridor, within the high-traffic Kensington Center North, ensures significant exposure to the over 406,000 monthly visitors. The property boasts a highly desirable B-3/PUD zoning designation, ideal for a variety of retail uses within a Highway Business District. Strategic placement at a signalized intersection provides excellent visibility and accessibility, further enhanced by four convenient entrance/exit points. The property's APN numbers are: 0701284050220000, 0701284050200000, 0701284050160000, 0701284050230000, 0701284050210000, 0701284050190000, 0701284050240000, and 0701284050250000. This expansive space presents a unique chance to capitalize on a high-demand retail location in a thriving area. The address is 12690 Illinois Route 59, Plainfield, IL 60585.

    Property Features for 12690 Illinois Rte 59

    General Information

    Property type
    Individual retail properties
    Square Feet
    222,892 SF
    Lot Size
    1,248,430 SF

    Building Details

    Year Built
    2005
    Buildings
    2
    Stories
    1

    HighLights

    • 222,892 SF former Walmart Supercenter on a 28.66‑acre lot in Plainfield, IL.
    • Single‑tenant, 187,070 SF net rentable space.
    • Two single‑story buildings built in 2005, zoned B‑3.
    • Located on Illinois Route 59 with four access points and a signalized intersection.
    • High‑traffic location within the IL‑59 North Corridor, attracting over 406,000 monthly visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.206397646425
    Latitude
    41.653916309346

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    FAQs

    What type of property is this?
    Individual retail property - 222,892 SF Big Box Storefront
    Where is this individual retail property located?
    The property is located at 12690 Illinois Rte 59 Plainfield, IL.
    What are key features of this property?
    This property features: 222,892 SF former Walmart Supercenter on a 28.66-acre lot in Plainfield, IL.; Single-tenant, 187,070 SF net rentable space.; Two single-story buildings built in 2005, zoned B-3.
    Request Owner's contact information
    12690 Illinois Rte 59 Plainfield, IL 60585
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    Plainfield, IL 60585
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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
    12690 Illinois Rte 59 Plainfield, IL 60585
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