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    Property profile & analytics

    Frankfort, IL 60423

    • Commercial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-1653542
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details

    Property type
    Commercial land
    APN
    19-09-21-206-047
    APU
    190921206047

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8497
    Latitude
    41.509
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $1.00
    $0.00
    $1.00
    -
    $3
    $0.00
    $3

    Comparable in this City

    • Value Estimation by Request
      11.64 Acres

      Steger Rd

      VACANT COMMERCIAL LAND • 11.64 Acres
      Steger Rd, Frankfort, IL 60423
      View Details
    • Value Estimation by Request
      0.46 Acres

      21146 Washington Pkwy

      VACANT COMMERCIAL LAND • 0.46 Acres
      21146 Washington Pkwy, Frankfort, IL 60423-3112
      View Details
    • Value Estimation by Request
      1.01 Acres

      9194 Gulfstream Rd

      VACANT COMMERCIAL LAND • 1.01 Acres
      9194 Gulfstream Rd, Frankfort, IL 60423-2582
      View Details
    • Value Estimation by Request
      3.03 Acres

      Lincoln Hwy

      VACANT COMMERCIAL LAND • 3.03 Acres
      Lincoln Hwy, Frankfort, IL 60423
      View Details
    • Value Estimation by Request
      1.14 Acres

      Ss La Grange Rd

      VACANT COMMERCIAL LAND • 1.14 Acres
      Ss La Grange Rd, Frankfort, IL 60423-1901
      View Details
    • Value Estimation by Request
      2.41 Acres

      St Francis Rd

      VACANT COMMERCIAL LAND • 2.41 Acres
      St Francis Rd, Frankfort, IL 60423
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Frankfort, Illinois

      Land with development potential near major transportation routes.
      22149 Rosemary Rd, Frankfort, IL 60423
      View Details
    • $725,000

      Prime Land on Hard Corner

      Ideal site for gas station, senior living, multi-family.
      W Laraway Rd, Frankfort, IL 60423
      View Details
    • $550,000
      0.84 Acres

      Frankfort Commercial Lot For Sale

      Highly visible commercial lot in Frankfort's expanding business area.
      7825 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • Contact for pricing
      7.00 Acres

      Frankfort, IL Industrial Land

      Seven acres, prime development site.
      1 To 7, Frankfort, IL 60423
      View Details
    • $1,295,000

      Commercial Lot in Frankfort, IL

      2.58 acre commercial lot with high visibility and traffic.
      9301 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $500,000
      4.10 Acres

      Frankfort Land Adjacent Patriot Center

      4.10 acres of prime commercial land in Frankfort, Illinois.
      10850 W Laraway Rd, Frankfort, IL 60423
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      6,033 SF

      Frankfort Office Space Available

      Flexible Offices, Coworking & More
      7777 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Frankfort Office Space For Rent

      2,100 SF office space in brick building, Frankfort, IL.
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • $16 SF/Yr
      30,521 SF

      Frankfort Office Space Available

      Class A office suites, build-to-suit options.
      20624 Abbey Woods Ct, Frankfort, IL 60423
      View Details
    • $20 SF/Yr
      27,048 SF

      Frankfort Plaza Retail Center

      Neighborhood center with 2 spaces available
      31 Bankview Dr, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Frankfort, IL

      Retail space available in Frankfort with strong tenant mix.
      35-107 Bankview Dr, Frankfort, IL 60423
      View Details
    • $14 SF/Yr
      2,100 SF

      Victory Campus Office Suite B

      2100 sq ft Office - Immediate Occupancy
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
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    Frankfort, IL 60423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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