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    12690 Route 59 Plainfield, IL 60585

    For Lease
    Contact for pricing

    Huge former Walmart, 222,892 SF

    Lot size:
    222,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity presents a substantial 222,892-square-foot former Walmart Supercenter building situated on a generous 28.66-acre lot in Plainfield, Illinois. Built in 2003, the entire space is currently vacant, offering a unique chance for a single tenant to occupy a highly visible and established location. The property boasts a prominent address at 12690 Route 59, within Will County, and benefits from a B-3/PUD, Hwy Business District zoning designation. This zoning allows for a wide range of commercial uses, providing flexibility for potential tenants. The expansive square footage and ample parking provide significant potential for a variety of retail concepts. The building's existing infrastructure offers a solid foundation for a quick and efficient redevelopment or repurposing. Given its size and location, this property presents a rare opportunity to establish a major presence in a thriving community. The property's location in Plainfield, IL, zip code 60585, offers excellent access to major transportation routes and a strong consumer base. The substantial lot size provides ample room for expansion or additional development. This is an ideal opportunity for a business seeking high visibility and significant space in a desirable market. Serious inquiries are encouraged.

    Property Features for 12690 Route 59

    General Information

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

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    Store #5038
    Size
    222,892 SF

    HighLights

    • 222,892 SF former Walmart Supercenter on a 28.66‑acre lot in Plainfield, IL.
    • Located in the IL‑59 North Corridor retail trade area, attracting over 406,000 monthly visitors.
    • Built in 2003.
    • Zoned B‑3/PUD, Hwy Business District.
    • Signalized intersection with four points of ingress/egress.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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?
    Retail property - Huge former Walmart, 222,892 SF
    Where is this 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 former Walmart Supercenter on a 28.66-acre lot in Plainfield, IL.; Located in the IL-59 North Corridor retail trade area, attracting over 406,000 monthly visitors.; Built in 2003.
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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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