For Sale Land

W Fairway Lakes Dr | Frankfort, IL 60423

$6,950,000

Sale Price

Property Details

Price:

$6,950,000

Property Type:

Land

Lot Size:

77.38 Acres

Zoning:

R-2

Property Description

EXP Commercial is thrilled to present a premier development opportunity with Fairway Lakes Estates, an upscale 60-lot single-family home community located in Frankfort, Will County, Illinois. This prime site spans 77.38 acres and offers public sewer and water services. Strategically positioned at the northwest corner of 88th Avenue and Bruns Road, Fairway Lakes Estates is a golf course community in a desirable southwest suburb of Chicago, just 35 miles from the city. This provides the perfect canvas for creating a vibrant residential neighborhood adjacent to the prestigious Green Garden Country Club and Golf Course.
Fairway Lakes Estates is ideally located to offer convenient access to the Chicago metropolitan area. The area benefits from excellent transportation links, including proximity to major highways like I-57 and I-80 and the Metra SouthWest Service commuter rail line, facilitating easy travel to downtown Chicago.
Adjacent to the prestigious Green Garden Country Club and Golf Course, this development promises scenic golf course views and potential access to exclusive golfing privileges. Green Garden Country Club features two 18-hole courses and a 9-hole course, each providing unique challenges and stunning landscapes. The Blue Course is known for its wooded areas and elevated greens, the Gold Course for its wide fairways and water features, and the Links Course for its rolling mounds and fescue grasses.
The subdivision was partially developed, with some infrastructure complete. 33 lots will be interior lots with typical residential views, 14 lots will have pond views, and 13 lots will have golf course views. The lots will range in size from 22,035 square feet to 33,749 square feet and average 24,679 square feet.
The subject property is previously platted and approved for the Fairway Lakes Estates subdivision, with plans for 60 lots to be developed in two phases. The site improvements include paved roadways, some utility hookups, and assigned individual PINs for each lot. This opportunity presents an attractive proposition for home builders, with Frankfort’s vibrant real estate market showing a median sales price of $504,911 and homes averaging 25 days on the market.
Fairway Lakes Estates offers home builders a rare opportunity to develop in a highly desirable location with strong market demand, excellent transportation access, and proximity to a renowned golf course. This combination of features makes it a compelling investment for residential development, promising a thriving and scenic community for future residents.

HIghlights

  • 77.38 acres
  • 60 single-family lots
  • R-2: Residential Single Family
  • Golf Course Views
  • Public sewer, water, and paved roads

Map

Offering Memo
Investment Sales Broker
eXp Commercial – Chicago
P: 630.474.6441
E: [email protected]

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