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    Rt 30 & Harlem Ave Frankfort, IL 60423

    Sponsored
    For Sale
    $800,000

    Four-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional four-acre commercial land parcel presents a unique investment opportunity in the thriving Frankfort, Illinois market. Located at the highly visible intersection of Rt 30 (Lincoln Hwy) and S. Harlem Ave, this property boasts exceptional visibility and accessibility, benefiting from high daily traffic volumes of 18,000 vehicles on Lincoln Hwy and 15,800 vehicles on S. Harlem Ave. The property is zoned B2 - Community Business District, allowing for a wide range of commercial development options. Its strategic location is further enhanced by its proximity to established businesses such as Walgreens, McDonald's, and Speedway, ensuring high foot traffic and brand recognition. The parcel consists of two combined lots, identified by APN numbers 19-09-24-401-004-0000 and 19-09-24-401-029-0000, offering significant development potential. Priced competitively at $800,000, this property represents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a rapidly growing area of Will County. Don't miss this chance to acquire a prime commercial site in a desirable location. The property is situated in Frankfort, IL, zip code 60423.

    Property Features for 0 Rt 30 & Harlem Ave

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $800,000 asking price.
    • 4‑acre commercial land parcel.
    • B2 Community Business District zoning.
    • High‑traffic intersection of Rt 30 (18,000 VPD) and S. Harlem Ave (15,800 VPD).
    • Strong retail synergy with nearby Walgreens, McDonald's, and Speedway.
    • APN: 19‑09‑24‑401‑004‑0000; 19‑09‑24‑401‑029‑0000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.7904195
    Latitude
    41.506314

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    FAQs

    What type of property is this?
    Land - Four-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Rt 30 & Harlem Ave Frankfort, IL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price.; 4-acre commercial land parcel.; B2 Community Business District zoning.
    Request Owner's contact information
    Rt 30 & Harlem Ave 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
    Rt 30 & Harlem Ave Frankfort, IL 60423
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