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    Us-30 Frankfort, IL 60423

    Sponsored
    For Sale
    $1,528,470

    36 Acres, Prime Location, $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 35.964-acre property presents a unique investment opportunity in Frankfort, Illinois. Strategically located approximately 32 miles south of Chicago O'Hare International Airport, this land boasts approximately 5/16 of a mile of road frontage on US Route 30. Conveniently situated near major highways including US Route 45, Illinois Route 43, and Interstate 80, this location offers unparalleled accessibility. The property's legal description identifies it as part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois. Comprising approximately 20.61 tillable acres (per Will County FSA), the land features level to gently rolling topography and soil types including Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam. All mineral rights transfer to the new owner. Currently zoned ER - Estate Residential District, the property's 2023 real estate taxes totaled $745.44 (parcel numbers #19-09-23-100-016-0000 & #19-09-23-100-020-0000). The asking price is $1,528,470, with a cash sale preferred and a 10% earnest money deposit required. Mortgage financing options are available. Nearby towns include Tinley Park, Matteson, and Joliet. Numerous grain markets are within a 15-mile radius. Possession is granted at closing, subject to purchase contract terms.

    Property Features for 0 Us-30

    General Information

    Property type
    Land

    HighLights

    • $1,528,470 asking price for 35.964 acres of land in Frankfort, IL.
    • Approximately 5/16 mile of US Route 30 frontage.
    • Located near major highways including US Route 45, IL Route 43, and I‑80.
    • 20.61 tillable acres, with Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam soil types.
    • Level to gently rolling topography.
    • All mineral rights included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.825530772446
    Latitude
    41.506498025456

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    FAQs

    What type of property is this?
    Land - 36 Acres, Prime Location, $1.5M
    Where is this land located?
    The property is located at Us-30 Frankfort, IL.
    What is the asking price?
    The asking price for this property is $1,528,470.
    What are key features of this property?
    This property features: $1,528,470 asking price for 35.964 acres of land in Frankfort, IL.; Approximately 5/16 mile of US Route 30 frontage.; Located near major highways including US Route 45, IL Route 43, and I-80.
    Request Owner's contact information
    Us-30 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
    Us-30 Frankfort, IL 60423
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