Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wallin Dr Plainfield, IL 60544
    Back to Search
    Property profile & analytics

    Wallin Dr Plainfield, IL 60544

    View on Map
    • Land
    • 8.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Wallin Dr

    Lot size
    8.70 lot acres
    Property type
    Land

    Description

    This exceptional 8.7± acre commercial land parcel presents a unique investment opportunity in Plainfield, Illinois. Located at the northwest corner of Wallin Drive and Route 126, this property boasts a highly desirable B-3 zoning designation, offering a wide range of development possibilities. The site is strategically positioned adjacent to the approved Keller Farm subdivision, a Lennar Homes development encompassing 322 single-family homes and 83 townhomes. This ensures a built-in customer base and significant future growth potential. Approved plans include convenient access via a right-in/right-out access point on Route 126 and a full-access intersection on Wallin Drive, providing excellent visibility and accessibility. The property's APN is 06-03-08-400-005. The asking price is $2,842,290. The anticipated delivery date is the fourth quarter of 2024. This prime location in Will County, with its 60544 zip code, offers unparalleled potential for commercial development in a thriving residential community. Don't miss this chance to secure a prominent position in a rapidly expanding area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.2218
    Latitude
    41.6079

    Comparable in this City

    • Value Estimation by Request
      21.59 Acres

      25725 143Rd St

      Land • 21.59 Acres
      25725 143Rd St, Plainfield, IL 60544
      View Details
    • Value Estimation by Request
      15.50 Acres

      Steiner Rd & Lockport St

      Land • 15.50 Acres
      0 Steiner Rd & Lockport St, Plainfield, IL 60544
      View Details
    • Value Estimation by Request
      21.09 Acres

      Renwick Rd

      Land • 21.09 Acres
      0 Renwick Rd, Plainfield, IL 60544
      View Details
    • Value Estimation by Request
      24.00 Acres

      Van Dyke Rd

      Land • 24.00 Acres
      0 Van Dyke Rd, Plainfield, IL 60544
      View Details
    • Value Estimation by Request
      35.00 Acres

      Us-30

      Land • 35.00 Acres
      0 Us-30, Plainfield, IL 60544
      View Details
    • Value Estimation by Request
      203.00 Acres

      Nwq Of Drauden & Renwick Rds

      Farms • 203.00 Acres
      0 Nwq Of Drauden & Renwick Rds, Plainfield, IL 60544
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale.
      143rd And Wallin Dr, Plainfield, IL 60544
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      E Van Dyke Rd, Plainfield, IL 60544
      View Details
    • $250,000

      Prime Land at Route 59

      Land for sale at the intersection of Route 59 and Main.
      23909 W Main St, Plainfield, IL 60544
      View Details
    • $615,000
      2.05 Acres

      Land For Sale, Plainfield, IL

      2.05 acre commercial land available in Plainfield, Illinois.
      000000 Dayfield Dr, Plainfield, IL 60544
      View Details
    • $2,975,000
      7.88 Acres

      Land in Plainfield, Illinois

      7.88 acre commercial land available in Plainfield, Illinois.
      Dayfield Dr, Plainfield, IL 60544
      View Details
    • $575,000
      1.87 Acres

      Plainfield, IL Commercial Land

      1.87 acre commercial land for sale in Plainfield, IL.
      Dayfield Dr, Plainfield, IL 60544
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      392,613 SF

      Freezer/Cooler Distribution Facility Available

      Class A freezer/cooler facility suitable for distribution purposes.
      25815 West 143Rd St, Plainfield, IL 60544
      View Details
    • Contact for pricing
      6,534 SF

      Downtown Plainfield Office Suites Available

      Renovated office suites for rent in downtown Plainfield.
      24215 W Lockport St, Plainfield, IL 60544
      View Details
    • $27 SF/Yr

      Downtown Plainfield Office Suites Available

      Renovated office suites for rent in downtown Plainfield.
      24215 W Lockport St, Plainfield, IL 60544
      View Details
    • $29 SF/Yr

      Plainfield Office Space For Rent

      Office space available with common areas in Plainfield, Illinois.
      24252 W Main St, Plainfield, IL 60544
      View Details
    • Contact for pricing
      6,534 SF

      Downtown Plainfield Office Suites Available

      Renovated office suites in downtown Plainfield with high foot traffic.
      24215 W Lockport St, Plainfield, IL 60544
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Wallin Dr
    Plainfield, IL 60544
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Wallin Dr, Plainfield, IL, 60544
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!