20696 Michigan Island Drive, Frankfort, IL 60423
Lighthouse Pointe · Will County
Key Facts
Description
Rare opportunity to build your custom dream home on this exceptional corner homesite in one of Frankfort's premier luxury communities. Surrounded by beautifully crafted custom residences, this vacant lot offers the ideal setting to bring your vision to life. Whether you're building your forever home or investing in one of the area's most desirable neighborhoods, this property offers the perfect combination of location, prestige, and potential. Conveniently located near shopping, dining, parks, top-rated schools, major expressways, and commuter routes, you'll enjoy the perfect balance of luxury, convenience, and everyday accessibility. Bring your builder. Build without compromise.
Property Information
Property Type
Land
Lot Size
0.43 acres
Lot Dimensions
154.23X126.97X154.47X122.60
Ownership
Fee Simple w/ HO Assn.
Zoning
SINGL
Days on Market
1
MLS® Listing#
12704811
Property Features
Utilities
Schools
- Elementary:
- Summit Hill Junior High School
- Middle:
- Summit Hill Junior High School
- High:
- Lincoln-Way East High School
- District:
- Lincoln-Way East High School
Financial Details
Annual Taxes
$4,195
Tax year 2024
Parcel Number
1909222040110000
Directions
Take LaGrange Rd south to Colorado Ave east to Michigan Island Dr. Property is located on the corner of Michigan Island Dr and Colorado Ave.
Affordability Calculator
$50,000
Estimated monthly payment
$1,331/mo
Principal $200,000 · Est. interest $279,018 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Frankfort, IL
- $442,857
- Median Listing Price
- 35
- Median Days on Market
- 2,325
- Median Sq Ft
- $193
- Median Price / Sq Ft
- 110
- Active Listings
- This home’s price is 44% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Frankfort, IL.
Location
Points of Interest in Frankfort, IL
Showing the Frankfort area map.
Nearby Schools
Lincoln-Way East High School
Secondary · 0.9 mi away
Pioneer Grove Educational Center
Elementary · 1.1 mi away
Montessori of Frankfort
Elementary · 1.3 mi away
Mary Drew Elementary School
Elementary · 1.4 mi away
Summit Hill School District 161
School · 1.4 mi away
Chicago Autism Academy
School · 1.5 mi away
Arbury Hills School
Elementary · 1.5 mi away
Walker Intermediate School
Secondary · 1.6 mi away
Indian Trail School
Elementary · 1.7 mi away
Mokena Junior High School
Secondary · 2.0 mi away
Frankfort Square School
Elementary · 2.0 mi away
Noonan Elementary Academy
Elementary · 2.1 mi away
Grand Prairie Elementary School
Elementary · 2.1 mi away
Chelsea Intermediate School
Elementary · 2.2 mi away
Summit Hill Junior High School
Secondary · 2.3 mi away
Ivy League Kids
School · 2.4 mi away
Lt Joseph P Kennedy Junior School
Elementary · 3.0 mi away
Mokena School District 159
School · 3.2 mi away
Mokena Elementary School
Elementary · 3.2 mi away
Mokena Intermediate School
Elementary · 3.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10914 W Kemper Lane, Frankfort, IL | $175,000 | 2 | 2 | — |
| 111 W Main Street, West Frankfort, IL | $179,999 | — | — | — |
| 20389 Grand Traverse Drive, Frankfort, IL | $195,000 | — | — | — |
| 22276 Elise Boulevard, Frankfort, IL | $198,000 | — | — | — |
| 100 E St. Louis Street, West Frankfort, IL | $199,900 | — | — | — |
| Vacant Lot W Sauk Trail, Frankfort, IL | $200,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Frankfort
Listing Courtesy: Baird & Warner - 7735491855
Last Updated: 2026-07-17