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    Wallin Dr Plainfield, IL 60544

    Sponsored
    For Sale
    $2,842,290

    8.7 Acres, B-3 Zoning, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.7± acre commercial land parcel presents a unique investment opportunity in Plainfield, Illinois. Located at the northwest corner of Wallin Drive and Route 126, this property boasts a highly desirable B-3 zoning designation, offering a wide range of development possibilities. The site is strategically positioned adjacent to the approved Keller Farm subdivision, a Lennar Homes development encompassing 322 single-family homes and 83 townhomes. This ensures a built-in customer base and significant future growth potential. Approved plans include convenient access via a right-in/right-out access point on Route 126 and a full-access intersection on Wallin Drive, providing excellent visibility and accessibility. The property's APN is 06-03-08-400-005. The asking price is $2,842,290. The anticipated delivery date is the fourth quarter of 2024. This prime location in Will County, with its 60544 zip code, offers unparalleled potential for commercial development in a thriving residential community. Don't miss this chance to secure a prominent position in a rapidly expanding area.

    Property Features for 0 Wallin Dr

    General Information

    Property type
    Land
    Lot Size
    378,972 SF

    HighLights

    • 8.7± acre commercial land parcel in Plainfield, IL.
    • B‑3 zoning allows diverse development options.
    • Prime location at Wallin Dr. & Route 126, adjacent to a large Lennar Homes subdivision.
    • Approved access points on Route 126 and Wallin Drive for excellent visibility and accessibility.
    • APN: 06‑03‑08‑400‑005; Asking price: $2,842,290; Anticipated Q4 2024 delivery.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.221846867337
    Latitude
    41.607877211032

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    FAQs

    What type of property is this?
    Land - 8.7 Acres, B-3 Zoning, High Growth Area
    Where is this land located?
    The property is located at Wallin Dr Plainfield, IL.
    What is the asking price?
    The asking price for this property is $2,842,290.
    What are key features of this property?
    This property features: 8.7± acre commercial land parcel in Plainfield, IL.; B-3 zoning allows diverse development options.; Prime location at Wallin Dr. & Route 126, adjacent to a large Lennar Homes subdivision.
    Request Owner's contact information
    Wallin Dr Plainfield, IL 60544
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    Plainfield, IL 60544
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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
    Wallin Dr Plainfield, IL 60544
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