1 To 7 Frankfort, IL 60423
This exceptional 7-acre commercial and industrial development site presents a unique investment opportunity in Frankfort, Illinois. Located at the intersection of Laraway Road and Commerce, this property boasts significant frontage on Laraway Road and offers unparalleled access to major transportation arteries, including Interstates 80 and 57. The land is zoned for a variety of uses, making it suitable for a wide range of development projects, including industrial facilities, commercial buildings, or even retail establishments. Its strategic location places it adjacent to numerous recently developed industrial properties, indicating a thriving and expanding business environment. The property's size and zoning flexibility allow for considerable development potential, catering to diverse business needs. The low Will County taxes represent a significant financial advantage for prospective developers. Furthermore, the site's ample space could be utilized for fenced outdoor storage, adding to its versatility and appeal. This is a rare opportunity to acquire a substantial parcel of land in a high-growth area with excellent infrastructure and accessibility. The property is ready for immediate development, offering a compelling investment prospect for those seeking a prime location in a dynamic market. Detailed zoning information and development guidelines are available upon request.
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.