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    Sec Laraway And Wolf Rd Frankfort, IL 60423

    Sponsored
    For Sale
    $725,000

    Prime 4.7-acre lot, B2 zoning, development plans included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4.7-acre commercial land parcel presents a unique investment opportunity in Frankfort, Illinois. Strategically located at the hard corner of Laraway Road and Wolf Road, this property boasts a highly desirable B2 - Community Business District zoning designation, opening doors to a wide range of development possibilities. The asking price is $725,000. Detailed subdivision plans are available, illustrating the potential for creating two separate parcels, maximizing the land's value and development flexibility. This prime location offers unparalleled visibility and accessibility, situated less than a mile from LaGrande Road and 1.3 miles from Route 30, ensuring high traffic volume and excellent exposure for any commercial venture. The property's ideal characteristics make it suitable for a variety of uses, including a gas station, senior living facility, or multi-family residential development. Benefit from low Will County taxes, making this an even more attractive investment. The APN is 19-09-32-101-001. Don't miss this chance to acquire a highly sought-after commercial land parcel in a thriving Illinois community.

    Property Features for 0 Sec Laraway And Wolf Rd

    General Information

    Property type
    Land
    Lot Size
    204,732 SF

    HighLights

    • Excellent location for gas station, senior housing, or multifamily development.
    • Hard corner lot in Frankfort offers high visibility.
    • Divisible into two parcels; subdivision plans available.
    • Benefits from low Will County property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8877132
    Latitude
    41.4839924

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    FAQs

    What type of property is this?
    Land - Prime 4.7-acre lot, B2 zoning, development plans included.
    Where is this land located?
    The property is located at Sec Laraway And Wolf Rd Frankfort, IL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Excellent location for gas station, senior housing, or multifamily development.; Hard corner lot in Frankfort offers high visibility.; Divisible into two parcels; subdivision plans available.
    (708) 289-8912
    Request Owner's contact information
    Sec Laraway And Wolf Rd 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
    Sec Laraway And Wolf Rd Frankfort, IL 60423
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