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1031 Exchange Properties for Sale within 50 kilometers of Mazon, IL, USA

More details for 12627 S Route 59, Plainfield, IL - Retail for Sale

12627 S Route 59

Plainfield, IL 60585

  • 1031 Exchange Property
  • Retail for Sale
  • $8,431,800 CAD
  • 3,500 SF
  • Air Conditioning

Plainfield Retail for Sale - Joliet/Central Will

Rare opportunity to acquire a newly constructed, institutional-quality cannabis dispensary leased to Aces Dispensary, a growing multi-location Illinois operator, through a 10-year Absolute NNN lease with a corporate guarantee. The property consists of a ±3,500 SF freestanding building situated on ±3.91 acres along highly trafficked Route 59, benefiting from over 30,000 vehicles per day and strong surrounding retail and residential growth. The investment features a Year 1 NOI of $330,000 with 4.00% annual rent escalations, providing investors with predictable income growth and a hedge against inflation. Under the Absolute NNN structure, the tenant is responsible for all operating expenses, maintenance, taxes, and insurance, creating a truly passive ownership opportunity. Located within Illinois' limited-license cannabis market and one of the fastest-growing suburbs in the southwest Chicago MSA, the property benefits from high barriers to entry, affluent demographics, and continued population expansion. This offering presents investors with secure, long-term cash flow backed by an experienced cannabis operator with four operating dispensary locations throughout Illinois.

Contact:

Remax Commercial Real Estate Advisors

Property Subtype:

Freestanding

Date on Market:

2026-06-16
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