Marcus & Millichap is pleased to present the opportunity to acquire the property located at 15940 South Lincoln Highway (U.S. Route 30) in Plainfield, Illinois. The subject property consists of approximately 10,500 square feet of flex showroom space and is situated on 1.31 acres of land. The single-tenant asset features a clear height of 12’, two grade-level doors, metal construction and roofing, 15 parking spaces, and 0.5 acres of industrial outdoor storage space (IOS). With over 140’ of prime frontage along South Lincoln Highway, the property has access to an annual average of 15,600 vehicles that pass by each day (IDOT). Positioned only one mile from Interstate 55, the property is less than two miles from Downtown Plainfield. In 2018, local officials established a tax increment financing (TIF) district in downtown, which continues to boost economic activity today with the construction of a nearby single-family and townhouse development.
The subject property is well-positioned within the massive Interstate 88 West submarket, containing a massive 85.8 million square feet of industrial space. While construction has slowed over the last two years, the submarket maintains its high growth levels. At the midway point of 2025, there were two large spec warehouses under construction, including the 788,000-square-foot Plainfield Business Center and the 1.2 million-square-foot Plainfield Logistics Centre. In Q2, the vacancy rate in Interstate 88 West notched up 50 basis points as new supply continued to outpace positive demand. At 3.8 percent, the vacancy rate in the submarket represents half the level of the national vacancy rate that sits at 7.6 percent (based on top 50 metros, minimum 10,000 square feet, and classes A, B, & C). Despite availability remaining tight, annual rent growth slipped to 4.3 percent but has plateaued in recent quarters and is more than twice the 1.8 percent national average. Asking rents across Interstate 88 West averaged about $9.00 per square foot toward the end of Q2 (CoStar).
Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third-largest metro in the nation. The metro houses 9.3 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 30 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and high-tech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering, social, economic, and environmental sustainability (Chicago.gov).
BROKER OF RECORD
Steven Weinstock
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Tel: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370377)
