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Property profile

12445 248Th Ave Plainfield, IL 60585

OFF-MARKET
Land
5 ac lot
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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

Location

12445 248Th Ave Plainfield, IL 60585
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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