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    W Fairway Lk Dr Frankfort, IL

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    For Sale
    $6,950,000

    60-lot single-family home community development opportunity in Frankfort, Illinois.

    Lot size:
    77.38 Acres

    Property Features for W Fairway Lk Dr

    General Information

    Lot size
    77.38 Acres
    Source: Moodyscre

    Listing Agent: Randolph Taylor

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

    Overview

    Upscale Home Community Development Opportunity

    This property presents a development opportunity in Frankfort, Will County, Illinois. It is an upscale 60-lot single-family home community known as Fairway Lakes Estates.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8486613
    Latitude
    41.4958665

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    FAQs

    What type of property is this?
    Land - 60-lot single-family home community development opportunity in Frankfort, Illinois.
    Where is this land located?
    The property is located at W Fairway Lk Dr Frankfort, IL.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Upscale 60-lot single-family home community.; - Premier development opportunity.; - Located in Frankfort, Illinois, in Will County.
    (630) 474-6441
    Request Owner's contact information
    W Fairway Lk Dr Frankfort, IL
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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
    W Fairway Lk Dr Frankfort, IL
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