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    29 Challenger Rd Frankfort, IL 60423

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    For Sale
    Contact for pricing

    Prime 1-acre industrial lot, new construction potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1-acre industrial lot, identified as Lot 29 Challenger, presents a unique opportunity for new construction in Frankfort, Illinois. Located in Will County, this property boasts an ideal location with convenient access to key transportation routes (specific details not provided). The lot is zoned for industrial use, permitting a wide range of development possibilities. Plans envision a new building ranging from 10,000 to 15,000 square feet, offering ample space for various industrial operations. Outside storage is also permitted, adding to the property's versatility. The property's 60423 zip code places it within a thriving industrial area. Furthermore, the low Will County taxes represent a significant financial advantage for prospective developers. This is a blank canvas for a modern industrial facility, offering the potential for substantial return on investment. The 1-acre size provides ample space for building and potential future expansion. This is a rare opportunity to acquire a buildable industrial lot in a desirable location with favorable zoning and tax benefits. Don't miss this chance to secure your future in this thriving industrial market.

    Property Features for 29 Challenger Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Proposed 10,000‑15,000 SF building.
    • 1‑acre lot.
    • Industrially zoned.
    • Outside storage permitted.
    • New construction opportunity.
    • Low Will County taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Building Supply Clothing Store Auto Repair Shop Auto Parts Store 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
    -87.8353278
    Latitude
    41.4809819

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    FAQs

    What type of property is this?
    Land - Prime 1-acre industrial lot, new construction potential.
    Where is this land located?
    The property is located at 29 Challenger Rd Frankfort, IL.
    What are key features of this property?
    This property features: Proposed 10,000-15,000 SF building.; 1-acre lot.; Industrially zoned.
    Request Owner's contact information
    29 Challenger 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
    29 Challenger Rd Frankfort, IL 60423
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