22900 Center Rd Frankfort, IL 60423
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.
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
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.