Property profile

12690 Rte 59 Plainfield, IL 60585

OFF-MARKET
Commercial real estate
Property ID
US28-1264221
232,964 SF 28.66 ac lot
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents a substantial 222,892-square-foot former Walmart Supercenter building situated on a generous 28.66-acre lot in Plainfield, Illinois. Built in 2003, the entire space is currently vacant, offering a unique chance for a single tenant to occupy a highly visible and established location. The property boasts a prominent address at 12690 Route 59, within Will County, and benefits from a B-3/PUD, Hwy Business District zoning designation. This zoning allows for a wide range of commercial uses, providing flexibility for potential tenants. The expansive square footage and ample parking provide significant potential for a variety of retail concepts. The building's existing infrastructure offers a solid foundation for a quick and efficient redevelopment or repurposing. Given its size and location, this property presents a rare opportunity to establish a major presence in a thriving community. The property's location in Plainfield, IL, zip code 60585, offers excellent access to major transportation routes and a strong consumer base. The substantial lot size provides ample room for expansion or additional development. This is an ideal opportunity for a business seeking high visibility and significant space in a desirable market. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 232,964 SF
Lot 28.66 ac (1,248,430 SF)
APN 07-01-28-405-016
UPID US28-1264221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12690 Rte 59 Plainfield, IL 60585-5412
Plainfield metro Census 880321 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
Last sale
$7.9M
1 recorded transaction
2025
$7.9M

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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