0007 State Rte, Plainfield, IL 60586
This exceptional 1.64-acre lot, located at 007 South State Route 59 in Plainfield, Illinois (Will County, zip code 60586), presents a compelling investment opportunity. Priced at $699,000, this property is part of a larger 40-acre development slated for completion in late 2021. Situated at the northeast corner of Route 59 and Theodore Street, this pad-ready lot boasts convenient access to utilities and off-site detention. The site benefits from its strategic location near major retailers, including a Super Walmart, Advanced Auto Parts, Starbucks, Culver's, Family Video, Midland States Bank, and LA Fitness. Within a one-mile radius, there's also 220,000 square feet of grocery stores and 500,000 square feet of retail space. This property offers the advantage of being near a CarMax location and a proposed senior living facility, further enhancing its potential. The annual property taxes are $977.84. This is a rare opportunity to acquire a highly visible corner lot in a rapidly growing area. Consider this prime location for ground lease or immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.