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- LoopNet Team
12337 S Route 59
Plainfield, IL 60585
North Plainfield Crossings (Chicago MSA) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- In place NOI of approximately $713,040 at existing 97.3% occupancy
- The property finds itself submerged in a commercial thoroughfare surrounded by national retailers including Walmart, Target, Jewel-Osco, & Menards
- Two (2) pylon signs along Route 59 provide visibility and exposure to approx 30,000 VPD
- 15 of the 16 tenant's in-place have NNN leases in-place
- Chop'd, the center's largest tenant in 13,500 SF, is on a ten (10) year NNN lease through October 2029
- Superb frontage along Route-59 (779' with multiple access points leading to an on-site parking lot with 200 spaces (6.47/1,000 SF)
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
ABOUT 12337 S ROUTE 59 , PLAINFIELD, IL 60585
North Plainfield Crossing is a single-story, multi-tenant retail center located at 12337 Illinois Route-59 in Plainfield, Illinois. The center was constructed in 2003 and totals 55,185 SF across a 6.55 acre parcel. The Property is currently 97.3% occupied and generates a NOI of approximately $713,040. There are a total of 17 units at the center, 16 of which are occupied. Existing tenants include One Main Financial, Pro Sports Rehab, Enterprise, Beach For Dogs, Chop'd, and MPG Fitness, among others. Chop'd, the center's largest tenant in 13,500 SF, recently signed a ten (10) year NNN lease through October 2029. MPG Fitness, the center's second largest tenant, occupies 8,200 SF and has a NNN lease running through February 2022. North Plainfield Crossing features excellent frontage along Route-59 (779'), two (2) pylon signs, providing exposure to over 30,000 VPD, multiple access points from either direction, and a parking lot with 200 spaces (6.74/1,000 SF). The offering provides investors an opportunity to purchase a strong cash flowing and near stabilized retail center, ideally positioned between national big box retailers in Chicago's southwest suburbs.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,167,509 | |
| Land Assessment | $820,603 | Total Assessment | $1,988,112 |
PROPERTY TAXES
