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$250,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.43 Acres
  • Updated 20 hours ago
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Rare opportunity to secure a vacant corner lot in one of Frankfort's prestigious luxury subdivisions. Surrounded by beautiful custom homes, this property offers the perfect canvas to build without compromise. Whether you're a builder, investor, or future homeowner, opportunities like this are becoming increasingly limited. Conveniently located near shopping, dining, parks, expressways, and commuter access. Bring your builder. Bring your plans. Build your vision.

Full Property Details for 20696 Michigan Island Dr

General

  • Price: $250,000
  • Taxes: $4,194 (2024)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12649149
  • Updated: 5/17/2026
  • Added to Site: 1 day(s) ago

Location

  • Area: Frankfort
  • County: Will
  • Township: Frankfort
  • Subdivision: Lighthouse Pointe
  • Driving 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.

School Information

  • School District: 161
  • Elem School District: 161
  • Midd School District: 161
  • High School District: 210
  • Elementary School: Summit Hill Junior High School
  • Middle School: Summit Hill Junior High School
  • High School: Lincoln-Way East High School
  • Private School: Lincoln-Way East High School

Utilities

  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available

Structural Information

  • Square Feet: 0.43
  • Current Bldg. Use: Single Family

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 154.23 x 126.97 x 154.47 x 122.60
  • Frontage: City Street
  • Frontage Feet: 154
  • Street/Road Desc.: Asphalt
  • Zoning: SINGL

Financial Considerations

  • Tax Amount: $4,194.64
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple with Homeowners Association
  • Property ID: 1909222040110000

Listed by Turn Key Realty Solutions

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— 20696 Michigan Island Dr —

  • Turn Key Realty Solutions

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 20696 Michigan Island Dr

School Districts:Summit Hill School District 161, Lincoln Way Community High School District 210
NameGradesDistance
Indian Trail Elementary School, Frankfort, IL
20912 South Frankfort Square Road, Frankfort, IL 60423
1-41.7 mi
Summit Hill Junior High School
7260 West North Avenue, Frankfort, IL 60423
7-82.3 mi
Lincoln-Way East High School
201 Colorado Avenue, Frankfort, IL 60423
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20696 Michigan Island Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Listed
$250,000
92.31%
MLS
12/16/2005
Sold
$130,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 20696 Michigan Island Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,195
5%
$47,127
12%
2023
$4,002
10%
$42,089
10%
2022
$3,625
—
$38,336
7%
2022
$3,625
8%
$35,865
3%
2020
$3,368
3%
$34,854
3%
2019
$3,262
4%
$33,921
3%
2018
$3,149
2%
$32,946
2%
2017
$3,087
3%
$32,177
4%
2016
$2,999
2%
$31,074
4%
2015
$2,940
1%
$29,980
1%
2014
$2,899
3%
$29,772
-1%
2013
$2,817
1%
$30,158
-5%
2012
$2,785
—
$31,745
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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20696 Michigan Island Drive, Frankfort, IL 60423 (MLS# 12649149) is a Lots/Land property with a lot size of 0.43 acres. 20696 Michigan Island Drive is currently listed for $250,000 and was received on May 17, 2026. Want to learn more about 20696 Michigan Island Drive? Do you have questions about finding other Lots/Land real estate for sale in Frankfort? You can browse all Frankfort real estate or contact a Coldwell Banker agent to request more information.

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