12445 248Th Ave Plainfield, IL 60585
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.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.