Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1220 Plainfield Rd Darien, IL 60561
    Back to Search
    Property profile & analytics

    1220 Plainfield Rd Darien, IL 60561

    View on Map
    • Mixed-use properties
    • 1,725 SF
    • 1.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1220 Plainfield Rd

    Lot size
    1.41 lot acres
    Property size
    1,725 SF
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This 1.41-acre lot in Darien, Illinois, presents a compelling redevelopment opportunity. Located at 1220 Plainfield Road, the property boasts 270 feet of frontage on Plainfield Road and access via a private road (Lester Lane). The site includes a former 1,725 square foot residential building, previously converted to a dental office, which offers existing utilities. The property is zoned R-2, allowing for a range of residential development options, including multifamily or single-family homes. This prime location in DuPage County offers convenient access to major roadways and amenities. The land's value is assessed at $351,064 per acre, making this a significant value-add investment. The parcel includes two pads and is identified by APN numbers 09-28-410-001 and 09-28-410-043. This exceptional property is ideal for developers seeking a prime location with existing infrastructure and significant development potential. The asking price for this exceptional redevelopment opportunity is $495,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Darien
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9762
    Latitude
    41.7486

    Comparable in this City

    • Value Estimation by Request

      2505 75Th St

      Land
      2505 75Th St, Darien, IL 60561
      View Details
    • Value Estimation
      $710,000
      5,440 SF

      8197 Lemont Rd

      COMMERCIAL CONDOMINUIM • 5,440 SF
      8197 Lemont Rd, Darien, IL 60561-1755
      View Details
    • Value Estimation by Request
      2,432 SF

      2600 83rd St, Unit 1

      COMMERCIAL CONDOMINUIM • 2,432 SF
      2600 83rd St, Darien, IL 60561-1690
      View Details
    • Value Estimation by Request
      1,998 SF

      8330 Lemont Rd, Unit F4

      COMMERCIAL CONDOMINUIM • 1,998 SF
      8330 Lemont Rd, Darien, IL 60561-1510
      View Details
    • Value Estimation by Request
      2,681 SF

      8404 Wilmette Ave, Unit H7

      COMMERCIAL CONDOMINUIM • 2,681 SF
      8404 Wilmette Ave, Darien, IL 60561-5467
      View Details
    • Value Estimation
      $990,000
      7,832 SF

      1321 Plainfield Rd, Unit 3

      COMMERCIAL (GENERAL) • 7,832 SF
      1321 Plainfield Rd, Darien, IL 60561-5037
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sun-Filled Condo with Courtyard Views

      Comfortable condo in a quiet neighborhood with convenient amenities.
      709 79Th St, Darien, IL 60561
      View Details
    • $1,250,000

      Development Land Near Major Highways

      4.59 acres of land for development near major highways.
      2985 87Th St, Darien, IL 60561
      View Details
    • $80,000
      Pending

      Residential Land in Marco Estates

      Residential land in desirable Marco Estates, Darien, Illinois.
      1370 Marco Ct, Darien, IL 60561
      View Details
    • $599,000
      2.75 Acres

      Residential Land Redevelopment Opportunity

      4.6 acres in Darien, Illinois, ideal for residential development.
      2985 87Th St, Darien, IL 60561
      View Details
    • $449,000
      1.83 Acres

      Darien, IL Residential Land

      1.83 acre residential opportunity in Darien, Illinois.
      2963 87Th St, Darien, IL 60561
      View Details
    • Contact for pricing

      Darien Industrial Property For Sale

      80,386 square foot industrial property in Darien, Illinois.
      8245 S Lemont Rd, Darien, IL 60561
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Opportunity in Darien, Illinois

      Industrial property available for lease in Darien, Illinois.
      7879-7885 Lemont Rd, Darien, IL 60561
      View Details
    • Contact for pricing

      Office Space in Darien, IL

      Commercial office space available for rent in Darien, Illinois.
      1510 Plainfield Rd, Darien, IL 60561
      View Details
    • Contact for pricing
      31,255 SF

      Darien Warehouse Space Available

      Warehouse space with immediate highway access in Darien, Illinois.
      7879 Lemont Rd, Darien, IL 60561
      View Details
    • Contact for pricing
      11,400 SF

      Retail Space in Premier Center

      Retail spaces available in well-located Darien shopping center.
      7511 Lemont Rd, Darien, IL 60561
      View Details
    • $12 SF/Yr
      8,647 SF

      Darien Business Center Flex Space

      Office, flex, and industrial spaces in Darien business center.
      7955 Cass Ave, Darien, IL 60561
      View Details
    • Contact for pricing

      Prime Location Office Space

      Office space in high-traffic area near I-55.
      7702 S Cass Ave, Darien, IL 60561
      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.
    1220 Plainfield Rd
    Darien, IL 60561
    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
    1220 Plainfield Rd, Darien, IL, 60561
    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!