0 Steiner Rd & Lockport St Plainfield, IL 60544
This exceptional 15.5-acre commercial land parcel, located at the Northeast corner of Steiner Road and Lockport Street in Plainfield, Illinois (60544), presents a compelling investment opportunity. The property, encompassing two parcels (PIN 06-03-08-300-014 and 06-03-08-300-021, approximately 5.5 and 10 acres respectively), boasts a highly desirable location directly west of downtown Plainfield, surrounded by new development. Its strategic position on Route 126 ensures high visibility and accessibility, with strong traffic counts of 18,200 vehicles daily on Lockport Street and 32,100 vehicles daily on nearby Route 59. Utilities are readily available, with water at the intersection and sewer access at Meadow Lane. The property's zoning and the Future Use Map suggest potential for a variety of developments, including townhomes, senior housing, retail, and multi-family residential projects. Plainfield School District 202 serves the area. Low Will County taxes of $2,681 further enhance the investment appeal. This prime location offers significant development potential and strong return on investment. The asking price is $3,250,000. Contact us for additional information.
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
Similar Nearby for Sale
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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.