Investment Overview

The Delaney Self-Storage Group of Marcus & Millichap is pleased to exclusively present Route 59 Self Storage located in Plainfield, Illinois (Will County). This offering consists of 46,950 rentable square feet, 317 non-climate-controlled units and 150 outdoor RV/parking spaces. Situated on 7.15 total acres, the property has excellent visibility at W Theodore Street and IL-59, seeing +/- 29,600 vehicles per day with +/- 350 feet of street frontage along W Theodore Street. Additionally, the site's proximity to major retailers, restaurants, schools, residential communities and other commerce hubs makes it a convenient storage solution for the dense and growing surrounding population. The fully fenced site is currently comprised of six drive-up buildings with a large parking area that could provide future potential for additional drive-up buildings. Additional amenities include HySecurity entry gate with DigiGate keypad, video surveillance cameras and on-site rental/management office. Plainfield, Illinois is located about 35 miles southwest of downtown Chicago, between the cities of Naperville and Joliet. According to the 2020 census, Plainfield was ranked the sixth-fastest growing community in Illinois and the growth has continued. Plainfield has the highest median household income in the state for populations over 40,000. In 2020 over 250 new homes were built and more than 500 new apartments were built in 2021, with numerous other commercial and residential developments underway. The estimated 2023 population within five miles from the subject property was 158,175 with a five-mile average household income of $106,877. Route 59 Self Storage provides investors a compelling opportunity to acquire an asset with immediate upside in a bustling suburban market with superb visibility, limited competition and additionally offers a new owner/operator the ability to increase occupancy and rental rates.