Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13450 Rte 59 Plainfield, IL 60585-5655
    Back to Search
    Property profile & analytics

    13450 Rte 59, Plainfield, IL 60585-5655

    View on Map
    • Commercial real estate
    • 0.88 lot acres
    Off-Market
    Property ID
    US28-0986675
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13450 Rte 59

    Lot size
    0.88 lot acres
    Property type
    Commercial real estate
    APN
    07-01-33-476-061
    APU
    70133476061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 10, 2011 $1,600,000 Rdk Ventures LLC Asp Realty INC Deed Of Trust · related $50M · J P Morgan Chase Bank
    Jun 1, 2006 — Asp Rlty INC Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.2037
    Latitude
    41.6381
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,071
    $99,743
    $248,936
    $348,679
    -
    $299,229
    $746,808
    $1,046,037

    Comparable in this City

    • Value Estimation by Request
      8.20 Acres

      11914 Rte 59th, Unit 102

      COMMERCIAL (GENERAL)
      11914 Rte 59th, Plainfield, IL 60585-5110
      View Details
    • Value Estimation by Request
      1.34 Acres

      12632 Rte 59th, Unit 100

      COMMERCIAL (GENERAL)
      12632 Rte 59th, Plainfield, IL 60585-5418
      View Details
    • Value Estimation by Request
      1.16 Acres

      11850 Rte 59th, Unit 102

      COMMERCIAL (GENERAL)
      11850 Rte 59th, Plainfield, IL 60585-5604
      View Details
    • Value Estimation by Request
      3.87 Acres

      13400 Rte 59th, Unit 108

      COMMERCIAL (GENERAL)
      13400 Rte 59th, Plainfield, IL 60585-5835
      View Details
    • Value Estimation
      $3,060,000
      25,240 SF

      12812 White Willow Dr

      COMMERCIAL (GENERAL)
      12812 White Willow Dr, Plainfield, IL 60585-5019
      View Details
    • Value Estimation
      $2,540,000
      25,695 SF

      12722 White Willow Dr

      COMMERCIAL (GENERAL)
      12722 White Willow Dr, Plainfield, IL 60585-5032
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      70 Acres Farmland in Plainfield

      70 acres of agricultural land in Plainfield, Illinois.
      70AC W 119Th St, Plainfield, IL 60585
      View Details
    • Contact for pricing

      Development Site on Route 30

      Prime development land with high visibility and access.
      25435 Lincoln Hwy, Plainfield, IL 60585
      View Details
    • Contact for pricing

      70 Acres Farmland For Sale

      70± acres of farmland in Plainfield, Will County, Illinois.
      119th St. And Heggs Rd, Shorewood, IL 60585
      View Details
    • $700,000
      1.88 Acres

      Industrial Land in Arrowhead Park

      Two parcels totaling 1.88 acres in Arrowhead Industrial Park.
      25501 W Wolfs Crossing Rd, Plainfield, IL 60585
      View Details
    • Contact for pricing
      222,892 SF

      Retail Property in IL-59 Corridor

      Retail property in a high-traffic area with multiple access points.
      12690 Illinois Rte 59, Plainfield, IL 60585
      View Details
    • $495,000
      5.00 Acres

      5-Acre Homesite with Pond

      Residential land in Plainfield with pond and utilities available.
      9836 S Carls Dr, Plainfield, IL 60585
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      222,892 SF

      Former Walmart Supercenter, Plainfield IL

      Massive Retail Space, High Traffic Area
      12690 Illinois Rte 59, Plainfield, IL 60585
      View Details
    • Contact for pricing
      6,210 SF

      Plainfield Industrial Space For Lease

      Industrial space available for lease in Plainfield, Illinois.
      23838 W Industrial Dr N, Plainfield, IL 60585
      View Details
    • Contact for pricing
      2,859 SF

      Turnkey Culinary Facility in Plainfield

      Fully built-out commercial kitchen available for lease in Plainfield, Illinois.
      12315 Rhea Dr, Plainfield, IL 60585
      View Details
    • Contact for pricing
      10,880 SF

      Retail Space in Plainfield

      Retail property in affluent area with high traffic counts.
      11840 Illinois Rte 59, Plainfield, IL 60585
      View Details
    • $20 SF/Yr

      Retail Center on Route 59

      Multi-tenant retail center in Plainfield's commercial corridor.
      12337 Route 59 S, Plainfield, IL 60585
      View Details
    • Contact for pricing
      90,330 SF

      Retail Space in Affluent Area

      Retail property in high-income area with high traffic volume.
      11830 Illinois Rte 59, Plainfield, IL 60585
      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.
    13450 Rte 59
    Plainfield, IL 60585-5655
    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
    13450 Rte 59, Plainfield, IL, 60585
    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!