7200 W Steger Road Frankfort, IL ^$ 799,000

7200 W Steger Road

^$ 799,000

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Recently Listed

7200 W Steger Road

Frankfort, IL, 60423

^$ 799,000

Studio Baths0.0

Monthly Estimate*

^$ 4,920

7200 W Steger Road, Frankfort, IL 60423 - Image 1

7200 W Steger Road, Frankfort, IL 60423 - Image 2

Studio

Farms/Ranches for sale in Frankfort, IL

for $799,000. The lot size is 5.

Incredible opportunity to acquire a land parcel with tremendous upside. Located at the NEC of Steger and Harlem, this offering will bring 450 ft of frontage on both Harlem Ave and Steger Rd. The seller is flexible if different dimensions are desired and the seller will subdivide the parcel accordingly. Currently the parcel is part of a much larger parcel. Please refer to the PIN and the Tax Map for additional details. A conceptual site plan can be found under "additional information". Currently the comprehensive master plan for the village of Frankfort calls for future use to be light industrial. Potential uses for this parcel could include gas station, car wash, truck repair, warehousing, just to name a few.

Farms/Ranches Active

Price

^$ 799,000

Bedrooms

Studio

Property Type

Farms/Ranches

Taxes

^$ 918

Style

Agricultural

Lot Size

Town/City

Frankfort

County/Region

Will

MLS | Web ID

12580336

Features

General

Utilities Electricity Nearby Natural Gas Nearby

Possession Closing

Zoning AGRIC

Township Rich

Tax Year 2023

Current Use Agricultural

Ownership Fee Simple

County Cook

Property Type Farm Land

Status New

Directions Wolf rd to Steger rd. West to property. This is the hard corner at Steger and Harlem.

City Frankfort

High School District 227

MLS Area Frankfort

Tax Annual Amount 918

Standard Status Active

Middle/Junior School District 159

Elementary School District 159

Exterior

Total Parking 0

Lot Dimensions 465 x 465 x 465 x 465

Lot Size Acres 5

Road Surface Type Asphalt

Frontage Length 465

Frontage Type Private Road

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Baird & Warner

Broker

mgalvanrealestate@gmail.com; michael.galvan@bairdwarner.com

Affordability Calculator

$4,996

Per Month

Monthly Principal & Interest: $4,920
Monthly Property Taxes: $77
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Farm listings in Frankfort, IL

Average List Price ^$994,876

Percent of Sale Price 25%

About Frankfort, IL

18,979 Population

74% Since 2002

^$108,814 Median Income

43.78 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

564880 Elementary School

565866 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/1/2026	$799,000		Listed Price

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7200 W Steger Road, Frankfort, IL, 60423 is a Farms/Ranches for sale at $799,000 with a lot size of 5. 7200 W Steger Road is a studio with 0.0 baths. The property's zip code is 60423 which is in Frankfort, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/2/2026.

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7200 W Steger Road

Farms/Ranches for sale in Frankfort, IL

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