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795 Center Rd - Frank and Annette Fleck LP Development Land

11 Acres of Industrial Land Offered at £1,525,778 in Frankfort, IL 60423

Investment Highlights

  • Clean land for Development
  • Mixed-use possibilities - light industrial, business, commercial, retail
  • SEE THE DRONE VIDEO
  • Corner of Laraway and Center Roads
  • Gateway to Village of Frankfort, Illinois - WILL COUNTY

Executive Summary

Corner of Center and Laraway Roads.Main southern access point to downtown Frankfort. Mixed-uses include; retail, restaurant, office, and industrial.
Site is zoned Estate Residential ":ER"); however Village of Frankfort will consider a zoning change in line with Business Park and Light Industrial plans.
Future possible building sizes ranging from 2,000 - 50,000 SF. Video gaming and retail liquor sale prohibited (restaurant liquor sales allowed).

Financial Summary (Actual - 2021)

Annual Annual Per AC
Taxes £1,353 £122.99
Operating Expenses - -
Total Expenses £1,353 £122.99

Financial Summary (Actual - 2021)

Taxes
Annual £1,353
Annual Per AC £122.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual £1,353
Annual Per AC £122.99

Property Facts

Price £1,525,778
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Industrial Park
  • Research and Development
  • Self Storage
  • Strip Centre
  • Warehouse
Total Lot Size 11.00 AC

1 Lot Available

Lot

Price £1,525,778
Price Per AC £138,707
Lot Size 11.00 AC

Land Area: ±11 AC Not divisible for sale Vehicles per day: 3,650 on Center Rd. & 9,150 Laraway Rd. Zoning: Estate residential-rezoning for industrial and business will match surrounding zoning and uses. Land is currently farmed and taxed accordingly

Description

FUTURE DEVELOPMENT SITE Corner of Center and Laraway Roads in Frankfort, IL Main southern access point to accessing downtown Frankfort Mixed uses include; retail, restaurant, office, and industrial Future possible building sizes ranging from 2,000 - 50,000 SF + Highly desirable local demographics Video gaming and retail liquor sale prohibited (restaurant liquor sales allowed) Future Laraway Road widening project.

zoning

Zoning Code ER (Estate Residential - Rezoning required for commercial or industrial uses)
ER (Estate Residential - Rezoning required for commercial or industrial uses)
  • Listing ID: 22065857

  • Date on Market: 25/01/2021

  • Last Updated:

  • Address: 795 Center Rd, Frankfort, IL 60423

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