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Property profile

0 Nwq Of Drauden & Renwick Rds Plainfield, IL 60544

OFF-MARKET
Land
203 ac lot
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Property summary

AI-generated overview

Exceptional 203-acre land parcel located at the Northwest quadrant of Drauden & Renwick Roads in Plainfield, IL (60544), zoned A-1 Agriculture in Will County. This property presents significant development opportunities, boasting easy access to Route 59 via Renwick Road and proximity to downtown Plainfield. Surrounded by existing residential development, this site offers potential for mixed residential uses, including single-family homes, duplexes, and townhomes. Conceptual plans suggest up to 653 residential units (various mixes of single-family, duplex, and multifamily). The property benefits from its location in the highly-rated Plainfield School District 202 (#2 in Will County), and enjoys excellent traffic counts: 28,200 vehicles daily on Route 59 and 15,100 on Route 126. The parcel includes PIN numbers 06-03-17-300-001, 06-03-18-400-002, and 06-03-18-400-003, and has an annual tax liability of $10,441. The asking price is subject to offer. Detailed information and conceptual plans are available upon request. This is a rare opportunity to acquire a large, strategically located parcel in a thriving community.

Property profile

Verified
Property type Land
Lot 203 ac (8,842,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nwq Of Drauden & Renwick Rds Plainfield, IL 60544
Plainfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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