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    Sec Larway & Lagrange Frankfort, IL 60423

    Sponsored
    For Sale
    Contact for pricing

    27 Acres, I-80/I-57 Access, Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 27.31-acre commercial land parcel presents a compelling investment opportunity in Frankfort, Illinois. Ideally situated at the signalized corner of Route 45 and Laraway Road, this property offers unparalleled access to major transportation arteries, including easy east access to Interstates 80 and 57. The site is zoned for light industrial development, making it suitable for a variety of uses. Benefit from the low Will County tax rates and the planned expansion of Laraway Road to four lanes, enhancing accessibility and visibility. The property also allows for outside storage, though trucking operations are not permitted. This prime location combines excellent infrastructure with significant development potential. The property is being offered for sale, with pricing subject to negotiation. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area with excellent transportation links and low taxes. Don't miss this chance to secure a strategic location for your next project.

    Property Features for 0 Sec Larway & Lagrange

    General Information

    Property type
    Land
    Lot Size
    1,189,624 SF

    HighLights

    • 27.31‑acre development site.
    • Light industrial zoning.
    • Easy east access to I‑80 and I‑57.
    • Signalized corner of Route 45 and Laraway Road.
    • Low Will County property taxes.
    • Laraway Road expansion to four lanes planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.873448
    Latitude
    41.4842478

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    FAQs

    What type of property is this?
    Land - 27 Acres, I-80/I-57 Access, Development Site
    Where is this land located?
    The property is located at Sec Larway & Lagrange Frankfort, IL.
    What are key features of this property?
    This property features: 27.31-acre development site.; Light industrial zoning.; Easy east access to I-80 and I-57.
    Request Owner's contact information
    Sec Larway & Lagrange 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
    Sec Larway & Lagrange Frankfort, IL 60423
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