88th Ave Frankfort, IL 60423
This exceptional 8.83-acre commercial land parcel presents a unique investment opportunity in the thriving Frankfort, IL market (zip code 60423). Located at the intersection of 88th Avenue and LaPorte, this property boasts an enviable location surrounded by established single-family home developments, ensuring strong demand and potential for high returns. The site's proximity to the new Lincolnway High School and Dr. Julian Rogers Grade School makes it particularly attractive for residential development. Furthermore, its convenient access to major thoroughfares like LaGrange Road and Lincoln Highway, as well as easy connectivity to I-80 and I-355, provides excellent accessibility for residents. The asking price is $470,000, and the seller is open to negotiations. This property is also part of a larger portfolio offering, details of which are available upon request. This is a rare opportunity to acquire a substantial land parcel in a highly desirable location with excellent potential for future growth. Don't miss out on this chance to secure a prime piece of Frankfort real estate.
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
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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.