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    12690 Route 59 Plainfield, IL 60585

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    For Sale
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    Huge Vacant Supercenter - 222,892 SF

    Property size:
    222,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a massive 222,892-square-foot vacant storefront, formerly a Walmart Supercenter, situated on a substantial 28.66-acre lot in Plainfield, Illinois. Built in 2003, the property boasts a highly desirable location within the IL-59 North Corridor retail trade area, benefiting from the significant traffic generated by the nearby Kensington Center North, which attracts over 406,000 monthly visitors. The property's zoning designation is B-3/PUD, Hwy Business District, reflecting its suitability for a wide range of retail uses. Its strategic placement ensures high visibility and accessibility, enhanced by a signalized intersection and four convenient entrance/exit points. The expansive space offers unparalleled potential for redevelopment or repurposing, catering to a variety of large-format retail concepts or other suitable businesses. This is a rare chance to acquire a significant retail asset in a thriving commercial area with exceptional visibility and access. The property's size and location make it an ideal candidate for a major retail development or a multi-tenant complex. The vacant status provides immediate occupancy, allowing for swift implementation of redevelopment plans. Serious inquiries are encouraged.

    Property Features for 12690 Route 59

    General Information

    Property type
    Individual retail properties
    Square Feet
    222,892 SF
    Lot Size
    1,248,430 SF

    Building Details

    Year Built
    2003

    HighLights

    • 222,892 SF vacant former Walmart Supercenter on a 28.66‑acre lot.
    • Located in the IL‑59 North Corridor retail trade area, near Kensington Center North (406,000+ monthly visitors).
    • Built in 2003.
    • Zoned B‑3/PUD, Hwy Business District.
    • Signalized intersection with four points of access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.2065508
    Latitude
    41.6539482

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    FAQs

    What type of property is this?
    Individual retail property - Huge Vacant Supercenter - 222,892 SF
    Where is this individual retail property located?
    The property is located at 12690 Route 59 Plainfield, IL.
    What are key features of this property?
    This property features: 222,892 SF vacant former Walmart Supercenter on a 28.66-acre lot.; Located in the IL-59 North Corridor retail trade area, near Kensington Center North (406,000+ monthly visitors).; Built in 2003.
    Request Owner's contact information
    12690 Route 59 Plainfield, IL 60585
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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 Route 59 Plainfield, IL 60585
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