104th Ave & Laraway Rd Frankfort, IL 60423
This exceptional 34-acre agricultural property presents a unique investment opportunity in Frankfort, Illinois. Located at the southwest corner of 104th Avenue and Laraway Road, this expansive parcel is currently under cultivation, offering immediate income potential. Its strategic location provides easy access to major transportation arteries, including I-57 East and New Lenox West via Laraway Road. The property's proximity to the thriving Old Frankfort Airport industrial development area positions it ideally for future development into a business or industrial park. Surrounding communities include Monee, Green Gardens, and Manhattan, further enhancing its appeal. This prime farmland is situated south of Center off Laraway Road in Will County, Illinois, zip code 60423. The asking price for this remarkable property is $1,299,000. This represents a rare chance to acquire a significant land holding with substantial growth potential in a rapidly developing area. Don't miss this opportunity to secure a piece of prime Illinois farmland. The property's coordinates are 41.4842913 latitude and -87.8682023 longitude.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.