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    119th St. And Heggs Rd Plainfield, IL 60585

    Sponsored
    For Sale
    $5,600,000

    Agricultural & residential land, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 70-acre property, situated at the southwest corner of 119th Street and Heggs Road in Plainfield, Illinois (Shorewood zip code 60585), presents a unique investment opportunity. Currently zoned A-1 in unincorporated Will County, this land boasts high agricultural productivity. The average productivity index (PI) is 133.2, classifying the soil as Class A. The property is conveniently located within the Plainfield municipal boundary and falls within the Oswego Community Unit School District 308. Parcel numbers are 01-30-100-011 and 01-30-100-012. The asking price is $5,600,000, translating to $80,000 per acre. A significant advantage is the absence of wetlands or floodplains on the site. This versatile land offers potential for various uses, given its agricultural and residential zoning designations. Its prime location and high-quality soil make it an attractive proposition for both agricultural and potential future development. Serious inquiries are encouraged.

    Property Features for 119th St. And Heggs Rd

    General Information

    Property type
    Farms
    Lot Size
    3,049,200 SF

    HighLights

    • Currently zoned A‑1, unincorporated Will County.
    • Located within Plainfield Village limits, Oswego School District 308.
    • No wetlands or floodplains; average productivity index 133.2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.2553008
    Latitude
    41.6635033

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    FAQs

    What type of property is this?
    Farm - Agricultural & residential land, excellent investment.
    Where is this farm located?
    The property is located at 119th St. And Heggs Rd Plainfield, IL.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: Currently zoned A-1, unincorporated Will County.; Located within Plainfield Village limits, Oswego School District 308.; No wetlands or floodplains; average productivity index 133.2.
    Request Owner's contact information
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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
    119th St. And Heggs Rd Plainfield, IL 60585
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