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    22900 Center Rd Frankfort, IL 60423

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    For Sale
    Contact for pricing

    68.2 Acres, I-1 Zoning, Will County

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 68.2-acre industrial land parcel presents a unique investment opportunity in Frankfort, Illinois. Located at 22900 Center Road, Will County, this property is zoned I-1 (Industrial), allowing for a variety of uses including outdoor storage and trucking operations. The site is comprised of six individual parcels (19.42 acres, 27.42 acres, 6.5 acres, 5.0 acres, 5.0 acres, and 5.0 acres), offering flexibility for development or subdivision to accommodate diverse user needs. The property benefits from a business-friendly municipality and a favorable demographic profile with a strong labor pool. The 2022 real estate taxes were $1,546. This prime location provides excellent access to transportation networks, making it an ideal site for industrial development or investment. The sale price is subject to offer. Detailed parcel information is available upon request. This is a rare opportunity to acquire a significant industrial land holding in a thriving market. Don't miss out on this exceptional investment prospect.

    Property Features for 22900 Center Rd

    General Information

    Property type
    Land
    Lot Size
    2,970,792 SF

    HighLights

    • 19.42‑acre parcel, PIN 19‑09‑34‑300‑013
    • 27.42‑acre parcel, PIN 19‑09‑34‑300‑011
    • 6.5‑acre parcel, PIN 19‑09‑34‑300‑014
    • 5.0‑acre parcel, PIN 19‑09‑34‑300‑015
    • 5.0‑acre parcel, PIN 19‑09‑34‑300‑016
    • 5.0‑acre parcel, PIN 19‑09‑34‑300‑017
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Building Supply Clothing Store Auto Repair Shop Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.849558
    Latitude
    41.4723367

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    FAQs

    What type of property is this?
    Land - 68.2 Acres, I-1 Zoning, Will County
    Where is this land located?
    The property is located at 22900 Center Rd Frankfort, IL.
    What are key features of this property?
    This property features: 19.42-acre parcel, PIN 19-09-34-300-013; 27.42-acre parcel, PIN 19-09-34-300-011; 6.5-acre parcel, PIN 19-09-34-300-014
    Request Owner's contact information
    22900 Center Rd Frankfort, IL 60423
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    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
    22900 Center Rd Frankfort, IL 60423
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