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    22900 Center Rd Frankfort, IL 60423

    • Commercial real estate
    • 68.20 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-3273188
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 22900 Center Rd

    Lot size
    68.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 68.2-acre industrial land parcel presents a unique investment opportunity in Frankfort, Illinois. Located at 22900 Center Road, Will County, this property is zoned I-1 (Industrial), allowing for a variety of uses including outdoor storage and trucking operations. The site is comprised of six individual parcels (19.42 acres, 27.42 acres, 6.5 acres, 5.0 acres, 5.0 acres, and 5.0 acres), offering flexibility for development or subdivision to accommodate diverse user needs. The property benefits from a business-friendly municipality and a favorable demographic profile with a strong labor pool. The 2022 real estate taxes were $1,546. This prime location provides excellent access to transportation networks, making it an ideal site for industrial development or investment. The sale price is subject to offer. Detailed parcel information is available upon request. This is a rare opportunity to acquire a significant industrial land holding in a thriving market. Don't miss out on this exceptional investment prospect.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.849558
    Latitude
    41.4723367

    Comparable in this City

    • Contact for pricing
      7.00 Acres

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      Seven acres, prime development site.
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    • $350,000
      11.35 Acres

      Frankfort Commercial Land Development

      11.35-acre prime commercial parcel, ready to build.
      8779 Laraway Rd, Frankfort, IL 60423
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      30.00 Acres

      Frankfort, IL Industrial Land

      30-Acre Development Opportunity in Will County
      0 Citation Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1.00 Acre

      Frankfort Industrial Land - 1 Acre

      Prime 1-acre industrial lot, new construction potential.
      29 Challenger Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      22,500 SF

      Frankfort Industrial Building with Offices

      22,500 SF industrial building with warehouse and office space.
      22749 Citation Rd, Frankfort, IL 60423
      View Details
    • $2,650,000
      22,052 SF

      Free Standing Manufacturing Property

      Manufacturing property with extra land in excellent condition near I-57.
      9325 Corsair Rd, Frankfort, IL 60423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.00 Acres

      Frankfort, IL Industrial Land

      Seven acres, prime development site.
      1 To 7, Frankfort, IL 60423
      View Details
    • $350,000
      11.35 Acres

      Frankfort Commercial Land Development

      11.35-acre prime commercial parcel, ready to build.
      8779 Laraway Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      30.00 Acres

      Frankfort, IL Industrial Land

      30-Acre Development Opportunity in Will County
      0 Citation Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1.00 Acre

      Frankfort Industrial Land - 1 Acre

      Prime 1-acre industrial lot, new construction potential.
      29 Challenger Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      22,500 SF

      Frankfort Industrial Building with Offices

      22,500 SF industrial building with warehouse and office space.
      22749 Citation Rd, Frankfort, IL 60423
      View Details
    • $2,650,000
      22,052 SF

      Free Standing Manufacturing Property

      Manufacturing property with extra land in excellent condition near I-57.
      9325 Corsair Rd, Frankfort, IL 60423
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      6,033 SF

      Frankfort Office Space Available

      Flexible Offices, Coworking & More
      7777 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Frankfort Office Space For Rent

      2,100 SF office space in brick building, Frankfort, IL.
      20960 Frankfort Square Rd, Frankfort, IL 60423
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    • $35 SF/Yr
      8,000 SF

      Frankfort Retail Space For Lease

      Prime Frankfort restaurant, 6,800 SF
      10211 Lincoln Hwy, Frankfort, IL 60423
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      43,200 SF

      Frankfort, IL Coworking Suites

      Modern Office Suites, 225-275 sq ft
      20635 Abbey Woods Ct, Frankfort, IL 60423
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    • Contact for pricing

      Office Unit in Frankfort

      Office unit available in professional brick building with utilities included.
      20950 S Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,671 SF

      Retail Space in Frankfort, IL

      Grocery-anchored retail space in a high-growth Chicago suburb.
      21124-21230 S La Grange Rd, Frankfort, IL 60423
      View Details
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    22900 Center Rd
    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
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