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    1610 Plainfield Rd Crest Hill, IL 60403

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    For Sale
    Contact for pricing

    5.6 Acres, Prime Redevelopment Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.6-acre commercial land parcel presents a remarkable redevelopment opportunity in Crest Hill, Illinois. Located at 1610 Plainfield Road, this property boasts a highly desirable location at a hard corner intersection, ensuring excellent visibility and accessibility. Previously occupied by the Village Hall, the site is ideally suited for a variety of commercial uses, particularly those benefiting from high traffic counts and strong demographics. The expansive lot size allows for significant development potential, including the possibility of drive-thru facilities, making it particularly attractive to food and restaurant operators. Situated in Will County, Illinois, with a 60403 zip code, this property offers unparalleled convenience and access to a thriving community. The site's strategic location and ample space make it an exceptional investment for developers seeking a prime location to build a successful commercial venture. Its history as a Village Hall suggests existing infrastructure and utilities, potentially simplifying the development process. This is a rare opportunity to acquire a significant commercial land parcel in a high-growth area with strong potential for future returns. The property's prominent location and suitability for various commercial uses make it a truly compelling investment prospect. Detailed site plans and surveys are available upon request.

    Property Features for 1610 Plainfield Rd

    General Information

    Property type
    Land
    Lot Size
    243,936 SF

    HighLights

    • 5.6‑acre commercial land parcel in Crest Hill, IL.
    • Located at 1610 Plainfield Rd, a hard corner with high traffic counts.
    • Former Village Hall site, ideal for redevelopment.
    • Suitable for restaurants and food service uses, including drive‑thru potential.
    • Strong demographics in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.1217451
    Latitude
    41.5529145

    Nearby Comparable

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      Redevelopment Opportunity on Hard Corner

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    FAQs

    What type of property is this?
    Land - 5.6 Acres, Prime Redevelopment Site
    Where is this land located?
    The property is located at 1610 Plainfield Rd Crest Hill, IL.
    What are key features of this property?
    This property features: 5.6-acre commercial land parcel in Crest Hill, IL.; Located at 1610 Plainfield Rd, a hard corner with high traffic counts.; Former Village Hall site, ideal for redevelopment.
    Request Owner's contact information
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    Crest Hill, IL 60403
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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
    1610 Plainfield Rd Crest Hill, IL 60403
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