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Light Industrial Land Parcel
For Sale
$749,000

7200 W Steger Rd, Frankfort, IL 60423

Land parcel with substantial frontage on both Harlem Ave and Steger Rd, with potential light industrial use.

Property SizeContact for details
Days on Market114

Property Features for 7200 W Steger Rd

General Information

Standard status Active
Property subtype Land/Lot

Additional Details

Road Access Yes
Listing Agency: Baird & Warner
Listed By: Michael Galvan · License #471021529
Source: Searchillinoishomesforsale
Added: May 20 Changed: Sep 9 Last Checked: Sep 9 at 11:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner

Investment Insights

Based on property information with market context.

This offering is a land parcel at the southeast corner of Steger Rd and Harlem Ave, with 450 feet of frontage on both roads. The seller is flexible if different dimensions are desired and will subdivide the parcel accordingly. The property is currently part of a larger parcel, and buyers should refer to the provided PIN and tax map for additional details; a conceptual site plan is also available in the additional information.

The village of Frankfort’s comprehensive master plan calls for future use to be light industrial. The seller notes potential uses could include a gas station, car wash, truck repair, and warehousing, subject to applicable approvals.

A conceptual site plan is available for review, which can help guide early layout discussions based on the parcel’s corner location and frontage.

Key Highlights

  • Land parcel at the SEC of Steger Rd and Harlem Ave with 450 ft frontage on both roads
  • Seller is flexible on dimensions and will subdivide the parcel accordingly
  • Parcel is currently part of a larger parcel (see PIN and Tax Map for details)

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Kitchen & Bath Showroom Skin Care Clinic Law Firm Spa & Massage Center Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 60423, IL

32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Land parcel with substantial frontage on both Harlem Ave and Steger Rd, with potential light industrial use.
Where is this industrial land located?
The property is located at 7200 W Steger Rd Frankfort, IL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Land parcel at the SEC of Steger Rd and Harlem Ave with 450 ft frontage on both roads; Seller is flexible on dimensions and will subdivide the parcel accordingly; Parcel is currently part of a larger parcel (see PIN and Tax Map for details)
More about this property
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