Us-30 Frankfort, IL 60423
- Land
Current Use by Public Records
- Land
Property Details for 0 Us-30
- Property type
- Land
Description
This exceptional 35.964-acre property presents a unique investment opportunity in Frankfort, Illinois. Strategically located approximately 32 miles south of Chicago O'Hare International Airport, this land boasts approximately 5/16 of a mile of road frontage on US Route 30. Conveniently situated near major highways including US Route 45, Illinois Route 43, and Interstate 80, this location offers unparalleled accessibility. The property's legal description identifies it as part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois. Comprising approximately 20.61 tillable acres (per Will County FSA), the land features level to gently rolling topography and soil types including Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam. All mineral rights transfer to the new owner. Currently zoned ER - Estate Residential District, the property's 2023 real estate taxes totaled $745.44 (parcel numbers #19-09-23-100-016-0000 & #19-09-23-100-020-0000). The asking price is $1,528,470, with a cash sale preferred and a 10% earnest money deposit required. Mortgage financing options are available. Nearby towns include Tinley Park, Matteson, and Joliet. Numerous grain markets are within a 15-mile radius. Possession is granted at closing, subject to purchase contract terms.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Will
- State
- Illinois
- Longitude
- -87.8255
- Latitude
- 41.5065
