0008 State Rte, Plainfield, IL 60586
This exceptional 1.492-acre lot, located at 0008 South State Route 59 in Plainfield, Illinois (Will County, zip code 60586), presents a compelling investment opportunity. Priced at $650,000, this property is situated at the northeast corner of Route 59 and Theodore Street, within a larger 40-acre development slated for completion in late 2021. The site boasts excellent visibility and accessibility, benefiting from its location near major retailers. Nearby establishments include a Super Walmart, Advanced Auto Parts, Starbucks, Culver's, Family Video, Midland States Bank, and LA Fitness. Within a one-mile radius, there's over 720,000 square feet of existing retail space, including grocery stores. This property is part of a planned development that includes a proposed senior living facility and offers the advantage of pad-ready infrastructure, including off-site detention and utilities. The site is also conveniently located near CarMax, the nation's largest used-car retailer. Annual property taxes are $977.84. This is a rare opportunity to acquire a highly visible corner lot in a rapidly growing area. One lighted corner site is currently available, with a second future lighted corner also available. Consider this property for immediate development or a ground lease.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.