131 Acre Laraway Rd Development Site
| Status: | Sold |
| County: | Will |
| Township: | Frankfort |
| Address: | NE Corner of Laraway Rd. and Pfieffer Rd. Frankfort IL 60423 |
| Gross Land Area: | 131 Acres |
| Hectare Conversion | |
| Property Type: | Vacant farmland with Development Potential |
| Possible Uses: | Agricultural Production |
| Total Investment: | $2,554,500.00 |
| Monetary Conversion | |
| Unit Price: | $19,500 per Acre |
| Sold Price: | $1,965,000.00 |
| Productivity Index (PI): | 102.1 |
| Value Per PI Point: | 146.92 |
| Buildings: | No Buildings |
| Utilities: | Utilities are near the site |
For more information contact:
Mark Goodwin
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
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Property Overview
Price Reduced! Rolling farmland and timber land in the planning area of Frankfort, IL. Great frontage at the corner of Laraway road and Pfieffer road. This site is ready for development. Utilities are near the site. Formally planned as Country Crossing Subdivision. Strong demographics. Chelsea Grade School and Commissioners Park are on the east side of this parcel. 131 total acres.+ View Brochure
+ View Property Disclaimer and Disclosure.
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Property Video
Property Map
Listing Details
General Information |
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| Listing Name: | 131 Acre Laraway Rd. Development Site | |
| Tax ID Number/APN: | 19-09-26-300-017 (18.18 Acres) 19-09-26-300-021 (25.85 Acres) 19-09-26-400-017 (10.91 Acres) 19.09-26-300-014 (76.38 Acres) |
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| Possible Uses: | Ideal location for a residential development project. | |
Area & Location |
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| School District: | Grade School: Frankfort Community Consolidated School District 157C High School: Lincoln-Way Community High School District 210 |
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| Market Type: | Suburban Market area. Tapestry Segmentation report for 1, 3 & 5 miles is included with this brochure package. The three top Segments in one mile are: Professional Pride 68.7% Savvy Suburbanites 24.0% Exurbanites 7.3% |
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| Location Description: | Great location in the affluent community of Frankfort. Northeast corner of Pfieffer road and Laraway road. Easy access to I-57 and I-80 | |
| Site Description: | Rolling farmland with timber and creeks. Some HEL farmland. | |
| Side of Street: | Frontage on three roads: Sauk Trail Laraway road Pfieffer road |
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| Highway Access: | 3.6 miles east to I-57 5.6 miles north to I-80 |
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| Road Type: | Laraway road is a Will County Highway and is built with Asphalt pavement. | |
| Property Visibility: | Excellent visibility with roads on three sides of the property. | |
| Largest Nearby Street: | 1.2 miles north to IL. Rt. 30 |
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| Transportation: | Metra is available at two locations: 191st Street in Mokena 5.6 mile north Laraway Rd. & Cedar Rd in New Lenox 6.7 miles east. |
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Land Related |
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| Lot Frontage (Feet): | 3516 feet of frontage on Laraway road 1340 feet of frontage on Pfieffer road |
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| Tillable Acres: | Will County USDA FSA office reports 78.69 tillable acres with 66.18 effective cropland acres. | |
| Buildings: | No Buildings | |
| Flood Plain or Wetlands: | Yes, the site does have acres considered flood plain and wetland. | |
| Topography: | Rolling farmland, topographical map is included with this brochure. | |
| FSA Data: | 66.18 Effective cropland acres Corn base is 39.82 Acres Corn PLC Yield 114 bu/ac Soybean base is 23.39 Acres Soybean PLC Yield is 35 bu/ac. |
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| Soil Type: | Markham silt loam (531C2) Bryce silty clay (235) Ozaukee silty clay loam (530D3) Average soil PI for this farm is 104.4 |
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| Available Utilities: | Sewer and water are available from the village of Frankfort. | |
Financials |
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| Finance Data Year: | The 2018 taxes paid in 2019 | |
| Real Estate Taxes: | 19-09-26-300-017 (18.18 Acres) Tax amount $114.00 19-09-26-300-021 (25.85 Acres) Tax amount $6,537.00 19-09-26-400-017 (10.91 Acres) Tax amount $4,803.00 19.09-26-300-014 (76.38 Acres) Tax amount $918.00 Total Real-estate taxes are $12,372.00 |
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| Investment Amount: | The sellers are asking $19,500 per acre for a total of $2,554,500 | |
Location |
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| Address: | 8431 W. Sauk Trail Frankfort, IL 60423 Northeast corner of Pfeiffer road and Laraway road. |
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| County: | Will County, Illinois | |
MARK GOODWIN PROFESSIONAL BIOGRAPHY
It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?
Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.
Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.