0009 State Rte, Plainfield, IL 60586
This exceptional 14.978-acre commercial lot, located at 0009 South State Route 59 in Plainfield, Illinois (Will County, zip code 60586), presents a remarkable investment opportunity. Priced at $4,000,000, this property is part of a 40-acre development slated for completion in late 2021. Situated at the northeast corner of Route 59 and Theodore Street, it offers unparalleled visibility and accessibility. The site boasts pad-ready infrastructure with utilities readily available. This location benefits from proximity to major retailers, including a Super Walmart, Advanced Auto, Starbucks, Culver's, and a significant concentration of grocery stores and retail spaces within a one-mile radius (220,000 sq ft of grocery and 500,000 sq ft of retail). The property is also strategically positioned near a CarMax, a proposed senior living facility, and offers one lighted corner site and one future lighted corner site. Annual property taxes are $977.84. This is an ideal location for a variety of commercial ventures. Serious inquiries only.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.