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    22900 Center Rd Frankfort, IL 60423

    For Sale
    Contact for pricing

    68.2 acres of industrial land in Frankfort, Illinois.

    Property size:
    68 SF
    Lot size:
    68.20 Acres

    Property Features for 22900 Center Rd

    General Information

    Size
    68 SF
    Lot size
    68.20 Acres

    Source: John Whitehead Agent John Whitehead

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Frankfort Industrial Land for Sale

    This offering presents an opportunity to purchase up to 68.2 acres of industrial land, divisible to accommodate user needs, located at 22900 Center Road in Frankfort, Illinois. The site is zoned I-1, providing flexibility for various uses, including outdoor storage and logistics operations. The location benefits from its proximity to the I-80/LaGrange Road full interchange, situated 5.9 miles away, and the I-57 via the Laraway Road or Sauk Trail full interchange. The property is located within a business-friendly municipality with favorable demographics and a dense labor pool. The 2022 real estate taxes were $1,546 in Will County. The zoning allows for outdoor storage and trucking uses. The site can be divided into six parcels: Parcel 1 consists of 19.42 acres (19-09-34-300-013), Parcel 2 consists of 27.42 acres (19-09-34-300-011), Parcel 3 consists of 6.5 acres (19-09-34-300-014), and Parcels 4, 5, and 6 each consist of 5.0 acres (19-09-34-300-015, 19-09-34-300-016, 19-09-34-300-017 respectively).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Building Supply Clothing Store Auto Repair Shop Auto Parts Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8489041
    Latitude
    41.4794437

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    FAQs

    What type of property is this?
    Land - 68.2 acres of industrial land in Frankfort, Illinois.
    Where is this land located?
    The property is located at 22900 Center Rd Frankfort, IL.
    What are key features of this property?
    This property features: - Up to 68.2 acres of land divisible to accommodate user needs.; - Zoned I-1, offering flexibility for various uses, including outdoor storage and logistics operations.; - Located in business-friendly Frankfort.
    (773) 810-9446
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    22900 Center Rd Frankfort, IL 60423
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    Frankfort, IL 60423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22900 Center Rd Frankfort, IL 60423
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