Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Citation Rd Frankfort, IL 60423

    Sponsored
    For Sale
    Contact for pricing

    30-Acre Development Opportunity in Will County

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30-acre parcel of land presents a prime development opportunity in Frankfort, Illinois, a premier location in southwestern Chicagoland for business and manufacturing. Ideally situated in Will County, this property boasts convenient expressway access, significantly reducing transportation costs and improving logistical efficiency. The land is zoned for outside storage, making it suitable for a variety of commercial and industrial uses. A potential use could be a truck repair and storage facility, capitalizing on the area's robust transportation network. The low Will County taxes represent a significant financial advantage for developers. This build-to-suit option, facilitated by a local national builder, offers streamlined construction and project management. The sale price is $600.00 per lot, representing a compelling investment opportunity given the property's size, location, and zoning. The property's address is Citation Road, Frankfort, IL 60423. This location offers significant potential for substantial returns on investment. The property's latitude and longitude coordinates are 41.4757401, -87.8350605 respectively. This is an excellent opportunity for businesses seeking a strategic location with significant development potential.

    Property Features for 0 Citation Rd

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • Excellent development opportunity.
    • Build‑to‑suit option available from a local national builder.
    • Low Will County property taxes.
    • Convenient expressway access.
    • Zoned for outdoor storage.
    • Potential for truck repair/storage facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8350605
    Latitude
    41.4757401

    Nearby Similar for Sale

    • $839,000
      0.41 Acres

      Downtown Frankfort End Cap Unit

      Commercial unit in historic district with high-end finishes.
      1 Old Frankfort Way, Frankfort, IL 60423
      View Details
    • $225,000
      0.10 Acres

      Established Children's Entertainment Business

      Family-owned indoor playground with cafe in Frankfort, Illinois.
      20815 S La Grange Rd, Frankfort, IL 60423
      View Details
    • $1,200,000
      1.15 Acres

      Two-Story Office Building in Frankfort

      Two-story office building with finished basement and potential rental income.
      9999 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $1,450,000
      0.95 Acres

      Frankfort Retail Strip Center

      Fully leased retail property in high-traffic location, ideal for investors.
      7805-7821 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $2,500,000
      22 SF

      Frankfort Multi-Use Estate on 22 Acres

      Versatile 22-acre estate with four buildings and development potential.
      22660 S Harlem Ave, Frankfort, IL 60423
      View Details
    • $126,000

      Move-In Ready Home in 55+ Community

      Desirable 55+ community home with front porch and back deck.
      22942 S Glen Eagle Dr, Frankfort, IL 60423
      View Details
    • $425,000
      2,900 SF

      Designer Two-Story Unit with Upgrades

      Spectacular two-story unit with finished walk-out lower level.
      8638 Saddlebred Ct, Frankfort, IL 60423
      View Details
    • $639,900

      Luxurious Duplex Model Home

      New duplex model home with lavish ranch-style living.
      8855 Milwaukee Breakwater Dr, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1 SF

      Grocery Anchored Retail Center

      Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.
      21164 S La Grange Rd, Frankfort, IL 60423
      View Details
    • $2,650,000
      22,052 SF

      Free Standing Manufacturing Property

      Manufacturing property with extra land in excellent condition near I-57.
      9325 Corsair Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      19,900 SF

      Medical Office Building For Sale

      19,900 SF medical office building on 4.8 acres.
      222 Colorado Ave, Frankfort, IL 60423
      View Details
    • Contact for pricing
      22,500 SF

      Frankfort Industrial Building with Offices

      22,500 SF industrial building with warehouse and office space.
      22749 Citation Rd, Frankfort, IL 60423
      View Details

    FAQs

    What type of property is this?
    Land - 30-Acre Development Opportunity in Will County
    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.; Build-to-suit option available from a local national builder.; Low Will County property taxes.
    Request Owner's contact information
    Citation Rd Frankfort, IL 60423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Citation Rd
    Frankfort, IL 60423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.