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Fairway Lk Dr Frankfort, IL 60423

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For Sale
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77 Acres, 60-Lot Development Opportunity

Property Features for 0 Fairway Lk Dr

General Information

Property type
Land
Lot Size
3,370,673 SF

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Listing Contact
Randolph Taylor
Randolph Taylor

Listing Agency: eXp Commercial Listing Agent: Randolph Taylor

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

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Overview

This exceptional 77.38-acre land parcel in Frankfort, Illinois, presents a prime development opportunity. Zoned Residential PUD, this previously platted and approved site is ready for the construction of a 60-lot single-family home community, known as Fairway Lakes Estates. The property boasts convenient access to major highways (I-57 and I-80) and the Metra SouthWest Service, providing easy commutes to Chicago (35 miles away). Situated at the northwest corner of 88th Avenue and Bruns Road, it offers stunning views of the prestigious Green Garden Country Club and Golf Course, featuring three courses (two 18-hole and one 9-hole). The subdivision plan includes 33 interior lots, 14 with pond views, and 13 with golf course views, ranging from 22,035 to 33,749 square feet (average 24,679 square feet). Infrastructure is partially complete, including paved roadways and some utility hookups, with assigned PINs for each lot. Public sewer and water services are available. The strong Frankfort real estate market, with a median sales price of $504,911 and homes averaging 25 days on the market, makes this a highly attractive investment for residential development. This is a rare chance to create a thriving community in a desirable location with excellent transportation links and proximity to a renowned golf course. The APN is 18-13-22-400-004-0000, 18-13-22-400-005-0000. The asking price is $6,950,000.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Frankfort
County
Will
State
Illinois
Longitude
-87.8319663
Latitude
41.4141849

FAQs

What type of property is this?
Land - 77 Acres, 60-Lot Development Opportunity
Where is this land located?
The property is located at 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: 77.38-acre site; 60 single-family residential lots; R-2 zoning
(630) 474-6441 Call to check price and availability
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