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Property profile

104th Ave & Laraway Rd Frankfort, IL 60423

OFF-MARKET
Land
34 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 34 ac (1,481,040 SF)

Cap rate & NOI

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

Location

104th Ave & Laraway Rd Frankfort, IL 60423
Frankfort metro
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Value estimations

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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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