Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2501-2509 Plainfield Rd Crest Hill, IL 60403
    Back to Search
    Property profile & analytics

    2501-2509 Plainfield Rd, Crest Hill, IL 60403

    View on Map
    • Retail properties & Spaces
    • 6,054 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2501-2509 Plainfield Rd

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 2501-2509 Plainfield Road in Will County, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The property boasts a total of 6,054 square feet, situated on a generous 2.1-acre lot. Currently, there is 3,964 square feet of vacant space available, offering flexible lease options ranging from 1,000 to 3,964 square feet to accommodate various business needs. The property enjoys a highly desirable location on Plainfield Road, less than a mile from the Louis Joliet Mall, ensuring significant exposure to a large customer base. An average of 22,700 vehicles pass this center daily, providing unparalleled visibility for your business. A drive-thru space is also available, adding further convenience and appeal. The property is currently multi-tenant, with Smile League Dental as a co-tenant, creating a synergistic environment. This is an excellent opportunity to establish or expand your business in a thriving retail corridor. The available space presents a unique chance to capitalize on the high traffic volume and proximity to a major shopping destination. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.1472
    Latitude
    41.5691

    Comparable in this City

    • Value Estimation by Request
      17,451 SF

      20635 Renwick Rd

      Retail properties & Spaces
      20635 Renwick Rd, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request

      1601 Raynor Ave

      Retail properties & Spaces
      1601 Raynor Ave, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request
      0.07 Acres

      2410 Caton Farm Rd, Unit C

      COMMERCIAL (GENERAL)
      2410 Caton Farm Rd, Crest Hill, IL 60403-1374
      View Details
    • Value Estimation by Request
      0.42 Acres

      1927 Donmaur Dr

      COMMERCIAL (GENERAL)
      1927 Donmaur Dr, Crest Hill, IL 60403-1904
      View Details
    • Value Estimation by Request
      0.33 Acres

      Plainfield Rd

      COMMERCIAL (GENERAL)
      Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request
      0.67 Acres

      1659 Plainfield Rd

      COMMERCIAL (GENERAL)
      1659 Plainfield Rd, Crest Hill, IL 60403-3962
      View Details

    Similar Nearby for Sale

    • $300,000
      0.15 Acres

      Crest Hill Bar/Restaurant Business

      Thriving bar and restaurant business for sale in Crest Hill.
      1723 N Center St, Crest Hill, IL 60403
      View Details
    • $799,999

      Prime Commercial Outlot Pad Ready

      1.76-acre commercial pad in high-traffic area, utilities in place.
      20711 W Renwick Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Hard Corner

      Former village hall, perfect for food and restaurant users.
      1610 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • $2,100,000

      Halal Slaughterhouse and Retail Markets

      Vertically integrated Zabiha Halal meat operation with expansion potential.
      15921 Weber Rd, Crest Hill, IL 60403
      View Details
    • $389,900
      0.19 Acres

      Versatile Commercial Property in Crest Hill

      Adaptable workspace for retail, medical, or fleet operations.
      2304 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • $389,900
      0.19 Acres

      Versatile Commercial Property in Crest Hill

      High-visibility commercial property with office and industrial space for sale.
      2304 Plainfield Rd, Crest Hill, IL 60403
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space in Crest Hill

      Retail space available in a multi-tenant plaza in Crest Hill.
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space on Corner Lot

      Retail space with high traffic and easy access.
      2400 Caton Farm Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Building on Weber Road

      Single-story retail building with drive-thru and ample parking.
      16051 Weber Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Retail Space on Weber Road

      Retail space with excellent visibility and accessibility on Weber Road.
      15921 Weber Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing

      Crest Hill Industrial/Flex Space

      Prime industrial/flex space in Crest Hill, Illinois for lease.
      801 Brian Dr, Crest Hill, IL 60403
      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.
    2501-2509 Plainfield Rd
    Crest Hill, IL 60403
    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
    2501-2509 Plainfield Rd, Crest Hill, IL, 60403
    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!