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40 Smith St, Frankfort, IL 60423 Property Records

Will County property record for 40 Smith St, Frankfort, IL 60423

Property Summary

Property TypeCommercial
Lot Size3.3 acres (143,748 sqft)
OwnerCompany Name on Record
Last Sale$7,789,285 (Jun 2012)
Tax Bill$27,614 (2025)
Deeds & MortgagesAug 2019 Transfer
Flood ZoneZone X (minimal risk)
APN19-09-21-410-007

Property Details

APN / Parcel Number

Primary APN19-09-21-410-007
Alternative APN
  • 09214100070000

Exterior

Lot Area143,748 sqft (3.3 acres)

Location & Zoning

Street Address40 SMITH ST
CityFRANKFORT
StateIL
Zip60423-1474
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionLOT 25 26 IN CHAS CLYES SUB, A SUB OF PRT OF THE N PRT OF THE E1/2 OF THE SE1/4 OF SEC 21, T35N-R12E.
Legal Range12E
Legal Township35N
Legal Section21
Legal SubdivisionCHAS CLYES SUB
Legal Lot Number25-26
JurisdictionWILL IL
Township / Civil DivisionFRANKFORT
Census Block Group1
Census Block1054
Census Tract883504

Owner

Source: Will County records, as of August 24, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on Record
Mailing Address3540 TORINGDON WAY, 200, CHARLOTTE, NC 28277-4650
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJun 29, 2012 · Amount on Record
Deed SaleJun 29, 2012 · Amount on Record
Prior SaleNov 28, 2006 · Amount on Record
Deed Document Number201270698
Last Transfer DateAug 29, 2019
Transfer Doc0000059059
Record UpdatedOct 29, 2026

August 2019: Quit Claim Deed, Transfer

Document TypeQuit Claim Deed
JurisdictionWILL IL
Recording DateAug 30, 2019
Property Address40 SMITH ST, FRANKFORT, IL 60423-1474
Document Number0000059059
Instrument DateAug 29, 2019
Instrument59059
Transaction TypeTransfer
Record UpdatedNov 27, 2019
Title CompanyATTORNEY ONLY

Transaction

Tax$0.00
Additional
  • Quitclaim
  • Intrafamily Transfer
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address13024 BALLANTYNE CORPORATE PL CHARLOTTE NC 282772113, CHARLOTTE, NC 28277-2113

Tax Assessment & Valuation

Source: Will County assessment roll, as of August 24, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyWill County
County SubdivisionFrankfort Township
MunicipalityFrankfort Village
Elementary School DistrictFrankfort Community Consolidated School District 157C (PK - 08)
Secondary School DistrictLincoln Way Community High School District 210 (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$27,614.00 (-8.93%)$357,290 (-) Land $137,704 Building $219,586$1,071,870 (-) Land $413,112 Building $658,758
2024$357,290 (-) Land $137,704 Building $219,586$1,071,870 (-) Land $413,112 Building $658,758
2022$30,322.00$357,290 Land $137,704 Building $219,586$1,071,870 Land $413,112 Building $658,758

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective June 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies1 in force
Nearby Flood Claims2 (1980)
Most Recent ClaimSep 1980 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemFRANKFORT
serves 24,000 people · EPA ID IL1970400
Water SourceGroundwater
Last State InspectionSep 2025
Lead1 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting3
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 274 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable		2,000 / 250
Verizon
Fixed Wireless		300 / 20
Bertram Communications
Fixed Wireless		100 / 20
T-Mobile
Fixed Wireless		100 / 20
AT&T
DSL		100 / 20

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