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    Lockport St Plainfield, IL 60544

    Sponsored
    For Sale
    $1,685,000

    3.37± Acres, Divisible, B-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.37± acre commercial land parcel presents a unique investment opportunity in Plainfield, Illinois. Ideally situated on Lockport Street, west of Drauden Road, this property boasts a highly desirable B-3 (Highway Business District) zoning designation, allowing for a wide range of commercial uses. The expansive lot is divisible down to 0.5± acre parcels, providing flexibility for various development scenarios, from single-tenant retail to multi-tenant projects. With its prominent location and versatile zoning, this site offers significant potential for substantial returns. The property's APN is 06-03-18-200-008, and it's conveniently located in Will County, with a Plainfield, IL 60544 zip code. The asking price for this exceptional opportunity is $1,685,000. This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The land's size and divisibility make it suitable for a variety of development plans, catering to diverse business needs. Don't miss this chance to acquire a strategically located commercial property in a thriving market.

    Property Features for 0 Lockport St

    General Information

    Property type
    Land
    Lot Size
    146,797 SF

    HighLights

    • 3.37± acre commercial land parcel available for sale in Plainfield, IL.
    • Zoned B‑3 (Highway Business District), allowing for diverse commercial uses.
    • Divisible into parcels as small as 0.5± acres.
    • Asking price: $1,685,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.24342
    Latitude
    41.6066

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    FAQs

    What type of property is this?
    Land - 3.37± Acres, Divisible, B-3 Zoning
    Where is this land located?
    The property is located at Lockport St Plainfield, IL.
    What is the asking price?
    The asking price for this property is $1,685,000.
    What are key features of this property?
    This property features: 3.37± acre commercial land parcel available for sale in Plainfield, IL.; Zoned B-3 (Highway Business District), allowing for diverse commercial uses.; Divisible into parcels as small as 0.5± acres.
    Request Owner's contact information
    Lockport St 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
    Lockport St Plainfield, IL 60544
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