15720 Illinois RtePlainfield, IL 60544

Property Details for 15720 Illinois Rte

Year built

1994

Lot size

3.12 AC

Property size (Sq ft)

25,867 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a three-building, 25,867 square foot Class B medical office campus situated on a 3.116-acre lot in Plainfield, Illinois. The property, located at 15720 Illinois Route 59, boasts a prime location just south of downtown Plainfield, benefiting from high visibility on a major thoroughfare with over 22,000 vehicles passing daily. Built in 1994 and renovated in 2000, 2002, and 2009, the campus features single-story suites, abundant parking, and covered sidewalks. Currently, the occupancy rate stands at 72.7%, presenting a significant value-add opportunity for an owner-user or investor. The property is zoned B-3 - Highway Business District and includes the APN numbers 06-03-16-404-058-1001, 1002, 1003. The asking price is $3,350,000, translating to $129.51 per square foot. The campus offers excellent signage opportunities, including digital signage and facade signage. Plainfield's robust growth, including significant increases in population and housing permits, makes this a compelling investment in a thriving healthcare market. The University of Chicago Medicine currently occupies nearly 18,000 square feet of the space. Plainfield's projected population increase by 2030 further underscores the potential for future growth and demand for healthcare services. This property offers a unique blend of established tenancy and significant upside potential.

Location Insight

City

Plainfield

County

Will

State

Illinois

Latitude

41.5964

Longitude

-88.2027

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