The Frankfort Property

Location: The subject property is located approximately 32 miles south of Chicago O'Hare International Airport and is within the village of Frankfort. Nearby cities include: Tinley Park (1 1/4 miles north), Matteson (1 5/8 miles east), and Joliet (8 1/2 miles west). Frontage: There is approximately 5/16 mile of road frontage on U.S. Route 30. Major Highways: U.S. Route 30 is the south border of the property, U.S. Route 45 is 1 1/8 miles west, Illinois Route 43 is 1 5/8 miles east, and Interstate 80 is 2 3/4 miles north of the property. Legal Description: A brief legal description indicates The Frankfort Property is located in Part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois. Total Acres: There are a total of 35.964 acres according to recent surveys. Tillable Acres: There are approximately 20.61 tillable acres according to the Will County FSA. Soil Types: Major soil types found on this farm include Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam. Topography: The topography of the subject property is level to gently rolling. Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner. Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract. Price Terms: The asking price is $42,500 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Grain Markets: There are a number of grain markets located within 15 miles of The Frankfort Property. Zoning: The Frankfort Property is currently zoned ER - Estate Residential District. Taxes: The 2024 real estate taxes totaled $775.44. The tax parcel numbers are #19-09-23-100-016-0000 & #19-09-23-100-020-0000.