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    Citation Rd Frankfort, IL 60423

    Sponsored
    For Sale
    Contact for pricing

    30 Acres, Excellent Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30-acre commercial land parcel presents a remarkable development opportunity in Frankfort, Illinois. Located on Citation Road, this property boasts convenient access to major expressways, simplifying transportation and logistics. The site is zoned for outside storage, making it ideal for various commercial uses, including a potential truck repair or storage facility. The low Will County taxes represent a significant financial advantage for prospective developers. Furthermore, the property benefits from readily available water, sewer, and utilities, streamlining the development process. A national builder with local presence offers build-to-suit options, providing flexibility and expertise to tailor the development to specific needs. This prime location and versatile zoning regulations make this 30-acre tract an attractive investment for businesses seeking to establish a strong presence in the thriving Frankfort market. The property's size and infrastructure readiness offer significant potential for substantial returns. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The address is Citation Road, Frankfort, IL 60423.

    Property Features for 0 Citation Rd

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • Excellent development opportunity in Frankfort, IL.
    • Build‑to‑suit options available from a local national builder.
    • Low Will County taxes.
    • Easy expressway access.
    • Zoned for outside storage.
    • Suitable for truck repair or storage facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.835067
    Latitude
    41.4753668

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    FAQs

    What type of property is this?
    Land - 30 Acres, Excellent Development Potential
    Where is this land located?
    The property is located at Citation Rd Frankfort, IL.
    What are key features of this property?
    This property features: Excellent development opportunity in Frankfort, IL.; Build-to-suit options available from a local national builder.; Low Will County taxes.
    Request Owner's contact information
    Citation 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
    Citation Rd Frankfort, IL 60423
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