0 Laraway & Commerce Frankfort, IL 60423
This exceptional property, located at the intersection of Laraway Road and Commerce in Frankfort, Illinois (zip code 60423), presents a unique investment opportunity. The site offers a total of approximately 4.79 acres, priced at $999,999, and also includes several 1-acre parcels available at $195,000 each. This land boasts excellent access to major transportation arteries, including Interstates 80 and 57, making it ideal for various commercial and industrial uses. The property's location offers potential for retail development, and its proximity to numerous new industrial developments makes it a highly attractive investment. Low Will County taxes further enhance its appeal. The large lot allows for possibilities such as fenced outdoor storage. The property is zoned for commercial and industrial use. Several smaller, one-acre lots are also available, providing flexibility for various development scenarios. This is a rare opportunity to acquire land in a thriving area with excellent infrastructure and low taxes. Contact us today to learn more about this exceptional property and its potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.