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Property profile & analytics
OFF-MARKET
Land

12445 248Th Ave Plainfield, IL 60585

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial lot, located at 12445 S 248th Ave in Plainfield, Illinois (60585), presents a unique investment opportunity. Situated in the Plainfield Medical District, this property boasts a highly desirable location, offering easy access to Route 59 and its shopping amenities. The parcel is zoned for commercial use and benefits from existing utilities. Currently featuring several farm buildings and a two-story farmhouse, these structures could generate supplemental income until development commences. Ideal uses for this land include assisted living facilities and medical offices. The property's strategic position is further enhanced by its proximity to Edwards Hospital Plainfield campus and Plainfield North High School. A significant advantage is the creation of a new intersection at Prairie Grove Road and 248th Avenue, resulting in a prime corner commercial lot at this high-traffic intersection. The parcel's APN is 07-01-28-300-018, 07-01-28-300-022. The asking price for this exceptional property is $1,173,942. This is a rare opportunity to acquire a substantial commercial lot in a rapidly growing area with excellent visibility and access. Don't miss this chance to secure a valuable asset in a thriving market.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 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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CAP Approach CAP
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Comparable Approach Comparable
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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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