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16108 IL-59

Plainfield, IL
Floors
2
Total Size
34,512 sqft
Zoning
Year Constructed
0
Year Renovated
0
Building Class

About 16108 IL-59

This bank-owned value-add strip center is located in South Plainfield on Rt 69, between Renwick Rd & Caton Farm Rd. Multi-Tenant retail center is 34,512 SF, and boasts a public underground parking garage, and a second floor unit with indoor elevator access. Center has major upside potential, being only 39% occupied/61% vacant. Proforma: center is a 16% cap with vacancies rented at $13/sf nnn - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants

Internet Providers for 16108 IL-59

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
1 Gb/s
AT&T Illinois DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Joliet

Most listings are in the $20's per square foot per year. The Joliet submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 33% decrease in rent.

Compared to the rest of the Chicagoland market, the Joliet region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Joliet $24
/sqft/yr
2,220
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,400
sqft

Median Rate over Time in Joliet