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    20742 Grays Reef Ct Frankfort, IL 60423

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    For Sale
    Contact for pricing

    Land with utilities, ideal for mixed-use commercial development.

    Lot size:
    150.00 Acres

    Property Features for 20742 Grays Reef Ct

    General Information

    Lot size
    150.00 Acres

    Source: NAI Hiffman | Oakbrook Terrace Agent Perry Higa

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

    Overview

    Commercial Land on Route 30

    This commercial land is located at the intersection of Route 45 and Route 30, offering good access and frontage along Route 30. All utilities are available to the site. The location benefits from strong market demographics. It is ideal for a quality mixed-use commercial development, including retail and residential components. Silver Cross Hospital has retained approximately 10 acres for a medical center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8368998
    Latitude
    41.5106015

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    FAQs

    What type of property is this?
    Commercial land - Land with utilities, ideal for mixed-use commercial development.
    Where is this commercial land located?
    The property is located at 20742 Grays Reef Ct Frankfort, IL.
    What are key features of this property?
    This property features: - Ideal for mixed-use commercial, retail, and residential development.; - **Excellent access and frontage on Route 30.**; - All utilities available to the site.
    (630) 932-1234
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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
    20742 Grays Reef Ct Frankfort, IL 60423
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