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Property profile & analytics
OFF-MARKET
Land

22900 Center Rd Frankfort, IL 60423

68.2 ac lot
Entity Owned 3-yr Hold
Property ID
US28-3273188
Property summary
AI-generated overview

This exceptional 68.2-acre industrial land parcel presents a unique investment opportunity in Frankfort, Illinois. Located at 22900 Center Road, Will County, this property is zoned I-1 (Industrial), allowing for a variety of uses including outdoor storage and trucking operations. The site is comprised of six individual parcels (19.42 acres, 27.42 acres, 6.5 acres, 5.0 acres, 5.0 acres, and 5.0 acres), offering flexibility for development or subdivision to accommodate diverse user needs. The property benefits from a business-friendly municipality and a favorable demographic profile with a strong labor pool. The 2022 real estate taxes were $1,546. This prime location provides excellent access to transportation networks, making it an ideal site for industrial development or investment. The sale price is subject to offer. Detailed parcel information is available upon request. This is a rare opportunity to acquire a significant industrial land holding in a thriving market. Don't miss out on this exceptional investment prospect.

Property profile
Verified
Property type Land
Lot 68.2 ac (2,970,792 SF)
UPID US28-3273188
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
22900 Center LLC · 3 yrs held
22900 Center LLC
since 2023
1 recorded transaction
2023
$1.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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