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    Harlem Ave & St. Francis Ave Frankfort, IL 60423

    Sponsored
    For Sale
    $2,351,240

    34-acre commercial development site in prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 34-acre commercial development site presents a unique investment opportunity in Frankfort, Illinois. Located at the signalized intersection of South Harlem Avenue and St. Francis Road, this property boasts excellent visibility and accessibility. The site is zoned A-1 Agriculture by Will County, offering flexibility for various development plans. Owners are open to dividing the parcel into smaller lots, with options for a 5 or 10-acre commercial corner lot and the remaining acreage suitable for residential or multi-family development. The property benefits from readily available utilities provided by the Village of Frankfort, ensuring seamless infrastructure integration. High traffic counts, with over 16,200 vehicles daily on Harlem Avenue and 6,200 on St. Francis Road (2019 data), guarantee significant exposure for any development. Its strategic location, just 2.1 miles south of I-80, provides convenient access to major transportation arteries. The property's parcel number is 19-09-13-400-015-0000. This is an exceptional opportunity to capitalize on a high-traffic location and create a thriving commercial or mixed-use development. The asking price is $2,351,240.

    Property Features for 0 Harlem Ave & St. Francis Ave

    General Information

    Property type
    Land
    Lot Size
    1,481,040 SF

    HighLights

    • High visibility location with excellent traffic counts.
    • Village of Frankfort utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Cook
    State
    Illinois
    Longitude
    -87.7902281
    Latitude
    41.5208652

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    FAQs

    What type of property is this?
    Land - 34-acre commercial development site in prime location.
    Where is this land located?
    The property is located at Harlem Ave & St. Francis Ave Frankfort, IL.
    What is the asking price?
    The asking price for this property is $2,351,240.
    What are key features of this property?
    This property features: High visibility location with excellent traffic counts.; Village of Frankfort utilities available on-site.;
    (815) 741-2226
    Request Owner's contact information
    Harlem Ave & St. Francis Ave 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
    Harlem Ave & St. Francis Ave Frankfort, IL 60423
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