SVN Chicago Commercial is pleased to present a ±10 Acre Land opportunity on Vans Drive along US-45 for Industrial, Commercial, and Manufacturing development in Frankfort, Illinois. This parcel is within Frankfort Township, Will County, near I-80 and I-355 via US-45. County Development Incentives. FEMA study was previously completed in 2007, and mitigation was allowed for the +/-2.75 AC of wetlands since Hickory Creek has been downgraded to a Class C waterway. Frankfort, Illinois, is a suburban village about 30 miles south of Chicago, known for its small-town feel and strong sense of community. It features a historic downtown with local shops, restaurants, and frequent events, along with plenty of parks and trails for outdoor recreation. Frankfort is centrally located within miles of Interstate 80, 355, and 57.