0 Harlem Ave & St. Francis Ave Frankfort, IL 60423
This exceptional 34-acre commercial development site presents a unique investment opportunity in Frankfort, Illinois. Located at the signalized intersection of South Harlem Avenue and St. Francis Road, this property boasts excellent visibility and accessibility. The site is zoned A-1 Agriculture by Will County, offering flexibility for various development plans. Owners are open to dividing the parcel into smaller lots, with options for a 5 or 10-acre commercial corner lot and the remaining acreage suitable for residential or multi-family development. The property benefits from readily available utilities provided by the Village of Frankfort, ensuring seamless infrastructure integration. High traffic counts, with over 16,200 vehicles daily on Harlem Avenue and 6,200 on St. Francis Road (2019 data), guarantee significant exposure for any development. Its strategic location, just 2.1 miles south of I-80, provides convenient access to major transportation arteries. The property's parcel number is 19-09-13-400-015-0000. This is an exceptional opportunity to capitalize on a high-traffic location and create a thriving commercial or mixed-use development. The asking price is $2,351,240.
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.