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    OFF-MARKET
    Land

    0007 State Rte, Plainfield, IL 60586

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 2 ac (87,120 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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