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    12690 Illinois Rte 59 Plainfield, IL 60585

    Sponsored
    For Lease
    Contact for pricing

    Massive Retail Space, High Traffic Area

    Lot size:
    222,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 222,892 square foot freestanding retail building, formerly a Walmart Supercenter, presents a unique investment opportunity. Situated on a 28.66-acre lot in Plainfield, Illinois, at 12690 Illinois Rte 59, zip code 60585, this single-story, 2003-built structure boasts a prime location within the IL-59 North Corridor retail trade area. The property benefits from high visibility and accessibility, featuring a signalized intersection and four convenient entrance/exit points. Its B-3 zoning designation allows for a variety of commercial uses. The Kensington Center North shopping area, nearby, draws over 406,000 monthly visitors, ensuring significant foot traffic potential. The property's APN numbers are: 0701284050220000, 0701284050200000, 0701284050160000, 0701284050230000, 0701284050210000, 0701284050190000, 0701284050240000, 0701284050250000. While the number of parking spaces is currently listed as zero, this is likely an oversight and should be verified. This property is ideal for redevelopment or repurposing, offering significant potential for a savvy investor.

    Property Features for 12690 Illinois Rte 59

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    222,892 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    222,892 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.206397646425
    Latitude
    41.653916309346

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    FAQs

    What type of property is this?
    Lifestyle center - Massive Retail Space, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 12690 Illinois Rte 59 Plainfield, IL.
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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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