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Property profile

0 Rt 30 & Harlem Ave Frankfort, IL 60423

OFF-MARKET
Land
4 ac lot
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Property summary

AI-generated overview

This exceptional four-acre commercial land parcel presents a unique investment opportunity in the thriving Frankfort, Illinois market. Located at the highly visible intersection of Rt 30 (Lincoln Hwy) and S. Harlem Ave, this property boasts exceptional visibility and accessibility, benefiting from high daily traffic volumes of 18,000 vehicles on Lincoln Hwy and 15,800 vehicles on S. Harlem Ave. The property is zoned B2 - Community Business District, allowing for a wide range of commercial development options. Its strategic location is further enhanced by its proximity to established businesses such as Walgreens, McDonald's, and Speedway, ensuring high foot traffic and brand recognition. The parcel consists of two combined lots, identified by APN numbers 19-09-24-401-004-0000 and 19-09-24-401-029-0000, offering significant development potential. Priced competitively at $800,000, this property represents a compelling investment opportunity for developers and businesses seeking a high-traffic location in a rapidly growing area of Will County. Don't miss this chance to acquire a prime commercial site in a desirable location. The property is situated in Frankfort, IL, zip code 60423.

Property profile

Verified
Property type Land
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rt 30 & Harlem Ave Frankfort, IL 60423
Frankfort metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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