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    8779 Laraway Rd Frankfort, IL 60423

    Sponsored
    For Sale
    $350,000

    11.35-acre prime commercial parcel, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11.35-acre vacant commercial land parcel presents a remarkable development opportunity in Frankfort, Illinois. Strategically located at the northwest corner of Laraway Road and 88th Avenue in Will County, this property offers unparalleled visibility and accessibility. The expansive lot size allows for diverse development possibilities, catering to a wide range of commercial, industrial, or residential projects. Currently zoned B2 and B4, the zoning allows for multiple uses, providing flexibility for potential buyers. The asking price is $350,000. The seller will consider dividing the land, offering the possibility of purchasing smaller parcels of at least one acre. This prime location, combined with its flexible zoning and the potential for subdivision, makes this property an ideal investment for developers seeking a high-impact project in a thriving area. Detailed site plans and further information are available upon request. Don't miss this chance to acquire a significant piece of land in a rapidly growing market. Act now to secure this exceptional development opportunity. The property's address is 8779 W Laraway Rd, Frankfort, IL 60423.

    Property Features for 8779 Laraway Rd

    General Information

    Property type
    Land
    Lot Size
    494,406 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Stone Creek - Frankfort, ... Community Center The ALPS Group Property Management Company Providence Manor Community ... Association / Organization Gatlin CPA Group Certified Public Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Gym & Fitness Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.82917613148
    Latitude
    41.484544192714

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    FAQs

    What type of property is this?
    Land - 11.35-acre prime commercial parcel, ready to build.
    Where is this land located?
    The property is located at 8779 Laraway Rd Frankfort, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    Request Owner's contact information
    8779 Laraway 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
    8779 Laraway Rd Frankfort, IL 60423
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