21 acres of prime Frankfort farmland with excellent potential for future industrial zoning. This property, located near the intersection of Laraway Road and Center Road, features a 2,500 sq. ft. heated warehouse equipped with two large overhead doors, ample parking, and two handicapped-accessible bathrooms with heated floors. The front acreage includes two outbuildings and elevated land, ready for immediate use. The property's layout is ideal for small businesses, offering great investment potential with significant upside for future development on the 21 acres towards the rear. Although a ComEd easement separates the back 11.25 acres, it remains accessible. The adjacent farm (MLS number 11982008) is also available for sale, offering an extra 35 acres along Laraway frontage and 20 acres south of the ComEd easement. This prime location provides easy access to I-57, LaGrange Road, and I-355, making it a strategic investment opportunity
767 days
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47
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2
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Zillow last checked:
Listing updated:
Listed by:
Charles Groebe312-981-5500,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12102577
Facts & features
Property
Features
Frontage length: 651
Lot
Size: 21 Acres
Dimensions: 651X1264
Details
Additional structures: Bldg/s No House
Parcel number: 1909332000320000
Zoning: AGRIC
Special conditions: None
Utilities & green energy
Sewer: Septic Tank
Water: Well
Utilities for property: Electric to Site
Community & HOA
Location
Region: Frankfort
Financial & listing details
Annual tax amount: $5,532
Date on market: 7/5/2024
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/20/2026
Listing removed
$849,900
Source: MRED as distributed by MLS GRID #12102577Report a problem
2/24/2026
Contingent
$849,900
Source: MRED as distributed by MLS GRID #12102577Report a problem
7/5/2024
Listed for sale
$849,900
Source: MRED as distributed by MLS GRID #12102577Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.