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    1 To 7 Frankfort, IL 60423

    Sponsored
    For Sale
    Contact for pricing

    Seven acres, prime development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7-acre commercial and industrial development site presents a unique investment opportunity in Frankfort, Illinois. Located at the intersection of Laraway Road and Commerce, this property boasts significant frontage on Laraway Road and offers unparalleled access to major transportation arteries, including Interstates 80 and 57. The land is zoned for a variety of uses, making it suitable for a wide range of development projects, including industrial facilities, commercial buildings, or even retail establishments. Its strategic location places it adjacent to numerous recently developed industrial properties, indicating a thriving and expanding business environment. The property's size and zoning flexibility allow for considerable development potential, catering to diverse business needs. The low Will County taxes represent a significant financial advantage for prospective developers. Furthermore, the site's ample space could be utilized for fenced outdoor storage, adding to its versatility and appeal. This is a rare opportunity to acquire a substantial parcel of land in a high-growth area with excellent infrastructure and accessibility. The property is ready for immediate development, offering a compelling investment prospect for those seeking a prime location in a dynamic market. Detailed zoning information and development guidelines are available upon request.

    Property Features for 1 To 7

    General Information

    Property type
    Commercial land
    Lot Size
    304,920 SF

    HighLights

    • Prime Industrial/Commercial Development Land.
    • Excellent I‑80 and I‑57 access.
    • High‑visibility Laraway Road frontage.
    • Suitable for retail development.
    • Located within a thriving industrial park.
    • Benefits from low Will County property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8353278
    Latitude
    41.4809819

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    FAQs

    What type of property is this?
    Commercial land - Seven acres, prime development site.
    Where is this commercial land located?
    The property is located at 1 To 7 Frankfort, IL.
    What are key features of this property?
    This property features: Prime Industrial/Commercial Development Land.; Excellent I-80 and I-57 access.; High-visibility Laraway Road frontage.
    Request Owner's contact information
    1 To 7 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
    1 To 7 Frankfort, IL 60423
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