Fairway Lk Dr Frankfort, IL 60423
- Land
- 77.38 lot acres
Current Use by Public Records
- Land
Property Details for 0 Fairway Lk Dr
- Lot size
- 77.38 lot acres
- Property type
- Land
Description
This exceptional 77.38-acre land parcel in Frankfort, Illinois, presents a prime development opportunity. Zoned Residential PUD, this previously platted and approved site is ready for the construction of a 60-lot single-family home community, known as Fairway Lakes Estates. The property boasts convenient access to major highways (I-57 and I-80) and the Metra SouthWest Service, providing easy commutes to Chicago (35 miles away). Situated at the northwest corner of 88th Avenue and Bruns Road, it offers stunning views of the prestigious Green Garden Country Club and Golf Course, featuring three courses (two 18-hole and one 9-hole). The subdivision plan includes 33 interior lots, 14 with pond views, and 13 with golf course views, ranging from 22,035 to 33,749 square feet (average 24,679 square feet). Infrastructure is partially complete, including paved roadways and some utility hookups, with assigned PINs for each lot. Public sewer and water services are available. The strong Frankfort real estate market, with a median sales price of $504,911 and homes averaging 25 days on the market, makes this a highly attractive investment for residential development. This is a rare chance to create a thriving community in a desirable location with excellent transportation links and proximity to a renowned golf course. The APN is 18-13-22-400-004-0000, 18-13-22-400-005-0000. The asking price is $6,950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Will
- State
- Illinois
- Longitude
- -87.832
- Latitude
- 41.4142
