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    Village Realty

    20950 S. Frankfort Square Rd, Unit C, Frankfort, IL 60423
    (708) 478-1212
    Web Site
    Size: 10+ agents

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    Illinois

    Iowa

    Minnesota

    Property Types

    • Residential Multi Family
    • Land
    • Commercial Sale
    • Commercial Lease

    Listings

    For Sale (53)

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    Frankfort Land For Sale
    $500,000
    4.10 Acres

    Frankfort Land For Sale

    4.1 acre commercial land available in Frankfort, Illinois.

    10850 W Laraway Rd, Frankfort, IL 60423
    View details
    75+ Acres with River Access
    $72,500
    75.88 Acres

    75+ Acres with River Access

    Recreational land with direct access to state ATV trail.

    Highway 73, Hibbing, MN 55746
    View details
    Established Dog Grooming Business
    $99,000
    0.03 Acres

    Established Dog Grooming Business

    Turnkey dog grooming business for sale in Orland Park.

    999 Main St, Orland Park, IL 60467
    View details
    Fairfield Land Near City Park
    $125,000
    1.25 Acres

    Fairfield Land Near City Park

    Three city lots near park and recreational area for sale.

    1504 Wonder Way, Fairfield, IA 52556
    View details
    Mature Building Site in Fairfield
    $150,000
    2.50 Acres

    Mature Building Site in Fairfield

    Land with garage/shop, utilities, and home site excavation.

    1201 Walton Rd, Fairfield, IA 52556
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    Prime Commercial Frontage in Hibbing
    $99,000

    Prime Commercial Frontage in Hibbing

    Commercial land available across from Walmart with city services.

    3857 Highway 73, Hibbing, MN 55746
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    Heavily Wooded 73+ Acres Land
    $81,500
    73.90 Acres

    Heavily Wooded 73+ Acres Land

    Private, remote 73+ acre land near lakes and Blandin land.

    S Town Line Rd, Hibbing, MN 55746
    View details
    Orland Park Commercial Property
    $550,000
    3,146 SF

    Orland Park Commercial Property

    3146 sq ft commercial property with full basement.

    15252 S Harlem Ave, Orland Park, IL 60462
    View details
    Corner Lot in Rock Creek
    $44,000

    Corner Lot in Rock Creek

    Residential land in Rock Creek Estates Subdivision, Manteno, Illinois.

    1094 Granite Dr, Manteno, IL 60950
    View details
    Corner Lot in Justice, IL
    $49,500
    0.34 Acres

    Corner Lot in Justice, IL

    0.34 acre corner lot ready for development in Justice, IL.

    7850 Garden Ln, Justice, IL 60458
    View details
    Turn-Key Medical & Wellness Building
    $3,950,000
    4,800 SF

    Turn-Key Medical & Wellness Building

    Modern 2024 free-standing medical/wellness facility with clinical build-out, sprinkler system, and 24 parking spaces.

    11240 W Laraway Rd, Frankfort, IL 60423
    View details
    Residential Land in Elwood, IL
    $40,000

    Residential Land in Elwood, IL

    Residential land available in Elwood, Illinois.

    966 Arrowhead Dr, Elwood, IL 60421
    View details
    Homer Glen Development Opportunity
    $2,149,900
    16.05 Acres

    Homer Glen Development Opportunity

    16-acre parcel in growing corridor, flexible zoning.

    12649 W 159Th St, Homer Glen, IL 60491
    View details
    Mokena Land with Development Potential
    $699,000
    5.54 Acres

    Mokena Land with Development Potential

    5.54 acres in Mokena with existing home and development plans.

    10508 W La Porte Rd, Mokena, IL 60448
    View details
    Residential Lot in Vedic City
    Contact for pricing
    0.33 Acres

    Residential Lot in Vedic City

    Building lot in Mandala 1 neighborhood, Vedic City.

    Jai Ave, Fairfield, IA 52556
    View details
    Residential Land in Hibbing, MN
    Contact for pricing
    0.32 Acres

    Residential Land in Hibbing, MN

    Corner lot with mature trees and utilities at the street.

    Meadow Dr, Hibbing, MN 55746
    View details
    Niles Commercial Land For Sale
    $250,000
    3.27 Acres

    Niles Commercial Land For Sale

    Commercial land available in Niles, Illinois.

    8439 W Golf Rd W, Niles, IL 60714
    View details
    Commercial Land Near Westside Commons
    $149,000

    Commercial Land Near Westside Commons

    Commercial land with frontage near Walmart and Westside Commons.

    Highway 73, Hibbing, MN 55746
    View details
    Mokena Retail Building Opportunity
    $1,100,000
    4,368 SF

    Mokena Retail Building Opportunity

    Free-standing retail building near Metra station in Mokena, Illinois.

    11120 Front St, Mokena, IL 60448
    View details
    Residential Land with Golf Course View
    $39,000
    0.84 Acres

    Residential Land with Golf Course View

    Residential land with utility hookups and golf course views.

    2315 Lake Trail Dr, Fairfield, IA 52556
    View details
    Residential Lots in Vedic City
    $40,000
    0.45 Acres

    Residential Lots in Vedic City

    Residential lots available in Mandala 2 Neighborhood, Fairfield, Iowa.

    Grand Dr, Fairfield, IA 52556
    View details
    Orland Park Commercial Land
    $450,000
    0.75 Acres

    Orland Park Commercial Land

    Commercial land available in Orland Park, Illinois.

    56 Orland Square Dr, Orland Park, IL 60462
    View details
    Turnkey Salon & Barber Shop
    Contact for pricing
    900 SF

    Turnkey Salon & Barber Shop

    Established hair salon & barber shop in prime location for sale.

    2024 W Montrose Ave, Chicago, IL 60618
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    Turnkey Salon & Barber Shop
    Contact for pricing
    900 SF

    Turnkey Salon & Barber Shop

    Established hair salon and barber shop in prime location.

    2024 W Montrose Ave, Chicago, IL 60618
    View details
    Commercial Property in Manteno, Illinois
    $1,250,000
    0.29 Acres

    Commercial Property in Manteno, Illinois

    Commercial property for sale in Manteno, Illinois.

    49-63 N Main St, Manteno, IL 60950
    View details
    Nashwauk Hunting Land For Sale
    Contact for pricing
    5.30 Acres

    Nashwauk Hunting Land For Sale

    5+ acre hunting land near trails and lakes.

    County Road 55, Nashwauk, MN 55769
    View details
    Turnkey Hair Salon & Barber Shop
    Contact for pricing
    900 SF

    Turnkey Hair Salon & Barber Shop

    Established hair salon and barber shop in prime location.

    2024 W Montrose Ave, Chicago, IL 60618
    View details
    Residential Land in Hibbing, MN
    Contact for pricing
    0.37 Acres

    Residential Land in Hibbing, MN

    Land for single-family homes with trail access near town.

    W 10Th Ave, Hibbing, MN 55746
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    Residential Land in Hibbing, MN
    Contact for pricing
    0.37 Acres

    Residential Land in Hibbing, MN

    Land for single-family homes with trail access near town.

    W 10Th Ave, Hibbing, MN 55746
    View details
    Oak Forest Industrial Building For Sale
    $1,699,000
    20,025 SF

    Oak Forest Industrial Building For Sale

    20,025 SF industrial building with office space on 1.3-acre lot.

    16420 Kilbourn Ave, Oak Forest, IL 60452
    View details
    Chicago Multifamily Investment Opportunity
    $250,000

    Chicago Multifamily Investment Opportunity

    Two-unit property with renovation potential in Chicago.

    6716 S May St, Chicago, IL 60621
    View details
    Hibbing, MN Cleared Lot
    Contact for pricing
    0.65 Acres

    Hibbing, MN Cleared Lot

    Cleared lot with paved road access near outdoor activities.

    45xx 3Rd Ave E, Hibbing, MN 55746
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    Residential Land in Hibbing, MN
    Contact for pricing
    0.37 Acres

    Residential Land in Hibbing, MN

    Land for single-family homes with trail access near amenities.

    W 10Th Ave, Hibbing, MN 55746
    View details
    Versatile Commercial Building in Buhl
    $349,000
    3,500 SF

    Versatile Commercial Building in Buhl

    3500 SF building with highway frontage and multiple possibilities.

    703 Seville Ave, Buhl, MN 55713
    View details
    Residential Land in Hibbing, MN
    Contact for pricing
    0.37 Acres

    Residential Land in Hibbing, MN

    Land for single-family homes with trail access near town.

    W 10Th Ave, Hibbing, MN 55746
    View details
    Residential Land in Hibbing, MN
    Contact for pricing
    0.37 Acres

    Residential Land in Hibbing, MN

    Land for single-family homes with trail access near amenities.

    W 10Th Ave, Hibbing, MN 55746
    View details
    Downtown Homewood Commercial Building
    $629,900
    7,000 SF

    Downtown Homewood Commercial Building

    Spacious commercial building in downtown Homewood with parking.

    1933 Ridge Rd, Homewood, IL 60430
    View details
    Commercial Land in Chicago, IL
    $450,000
    0.04 Acres

    Commercial Land in Chicago, IL

    Commercial land available for sale in Chicago, Illinois.

    2441 N Clark St, Chicago, IL 60614
    View details
    Established Business with Storage Units
    $899,000
    17,000 SF

    Established Business with Storage Units

    Profitable business featuring retail vendor space and storage rental.

    508 N Kankakee St, Wilmington, IL 60481
    View details
    Residential Land in Gardner, IL
    $34,000

    Residential Land in Gardner, IL

    Land available for building a dream home in Gardner.

    Lot 30 St, Gardner, IL 60424
    View details
    10 Acres in Green Garden
    $220,000
    10.10 Acres

    10 Acres in Green Garden

    10-acre lot in Green Garden Township with creek.

    S 80Th Ave, Monee, IL 60449
    View details
    Hibbing Car Wash For Sale
    $850,000

    Hibbing Car Wash For Sale

    State-of-the-art car wash with self-serve bays and pet wash.

    4019 E 12Th Ave, Hibbing, MN 55746
    View details
    Residential Lot with Golf Course View
    $85,000
    1.60 Acres

    Residential Lot with Golf Course View

    Ideal lot for building a home with panoramic views.

    2313 Lake Trail Dr, Fairfield, IA 52556
    View details
    Mokena Commercial Land Opportunity
    $4,250,000
    17.81 Acres

    Mokena Commercial Land Opportunity

    Prime commercial land with flexible zoning and high visibility.

    191 88Th Ave, Mokena, IL 60448
    View details
    LAND - Other - Fairfield, IA
    $39,500
    0.39 Acres

    LAND - Other - Fairfield, IA

    Land

    2307 Walton Lake Dr, Fairfield, IA 52556
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    Oak Park Avenue Land Available
    Contact for pricing

    Oak Park Avenue Land Available

    Land available on Oak Park Ave, Tinley Park. Utilities on-site.

    18230 Oak Park Ave, Tinley Park, IL 60477
    View details
    6.25 Acre Parcel in Crete
    Contact for pricing

    6.25 Acre Parcel in Crete

    6.25 acre parcel near I-394 with high visibility.

    1240 E Exchange St, Crete, IL 60417
    View details
    Posen Industrial Warehouse - Great Location!
    $350,000
    2,600 SF

    Posen Industrial Warehouse - Great Location!

    Spacious warehouse, ample parking, I-294/I-57 access.

    14427 California Ave, Posen, IL 60469
    View details
    Multi-Tenant Office Building Near Downtown
    Contact for pricing

    Multi-Tenant Office Building Near Downtown

    Multi-tenant office building near downtown Aurora, ideal for various businesses.

    411 W Galena Blvd, Aurora, IL 60506
    View details
    Prime Commercial Land Orland Park
    $450,000

    Prime Commercial Land Orland Park

    0.73-acre commercial land parcel near Orland Square Mall.

    56 Orland Square Dr, Orland Park, IL 60462
    View details
    Prime Commercial Land Near Orland Square
    $445,000

    Prime Commercial Land Near Orland Square

    0.73-acre commercial land parcel near Orland Square Mall.

    56 Orland Square Dr, Orland Park, IL 60462
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    Mokena Commercial Site For Sale
    $4,250,000

    Mokena Commercial Site For Sale

    Prime commercial land with flexible zoning and high visibility.

    191 88Th Ave, Mokena, IL 60448
    View details
    Homewood Commercial Property for Sale
    $649,900

    Homewood Commercial Property for Sale

    Commercial property available in Homewood, Illinois.

    1933 Ridge Rd, Homewood, IL 60430
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    For Lease (26)

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    Frankfort Office Space For Rent
    Contact for pricing

    Frankfort Office Space For Rent

    2,100 SF office space in brick building, Frankfort, IL.

    20960 Frankfort Square Rd, Frankfort, IL 60423
    View details
    Office Space in Hanover Park
    Contact for pricing
    43,560 SF

    Office Space in Hanover Park

    Office space for lease with basement storage in Hanover Park.

    1255 Bamberg Ct, Hanover Park, IL 60133
    View details
    Class A Office Building with Atrium
    Contact for pricing
    152,460 SF

    Class A Office Building with Atrium

    Three-story office building with a two-story atrium lobby and ample parking near a commuter train station.

    19065 S Hickory Creek Dr, Mokena, IL 60448
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    Class A Office Building with Atrium
    $20 SF/Yr
    152,460 SF

    Class A Office Building with Atrium

    Three-story Class A office building with a two-story atrium lobby and abundant on-site parking near commuter rail.

    19065 S Hickory Creek Dr, Mokena, IL 60448
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    Rehabbed Office Space Available
    Contact for pricing

    Rehabbed Office Space Available

    Newly renovated office space in Downtown Mokena for rent.

    11225 Front St, Mokena, IL 60448
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    Rehabbed Office Space Available
    Contact for pricing

    Rehabbed Office Space Available

    Newly rehabbed office space in Downtown Mokena available for rent.

    11225 Front St, Mokena, IL 60448
    View details
    Orland Park Commercial Space
    Contact for pricing

    Orland Park Commercial Space

    Commercial space for rent in Orland Park, Illinois.

    15527 S 70Th Ct, Orland Park, IL 60462
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    Olympia Fields Commercial Space
    Contact for pricing

    Olympia Fields Commercial Space

    Two-story brick building ideal for medical or professional use.

    2555 W Lincoln Hwy, Olympia Fields, IL 60461
    View details
    New Industrial Space Near I-57
    Contact for pricing
    95,832 SF

    New Industrial Space Near I-57

    Modern industrial space in Monee, Illinois, near Amazon distribution facility.

    6350 W Emerald Pkwy, Monee, IL 60449
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    Prime Retail Space Near Metra
    Contact for pricing

    Prime Retail Space Near Metra

    950 SF retail space near Mokena Metra Station.

    11225 Front St, Mokena, IL 60448
    View details
    Move-In Ready Office Space
    Contact for pricing

    Move-In Ready Office Space

    Second-floor office suite with private offices, break room, open space.

    9324 Gulfstream Rd, Frankfort, IL 60423
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    Rehabbed Office Space Available
    Contact for pricing

    Rehabbed Office Space Available

    Newly renovated office space for rent in Downtown Mokena.

    11225 Front St, Mokena, IL 60448
    View details
    Orland Park Professional Office Space
    Contact for pricing
    56,192 SF

    Orland Park Professional Office Space

    Professional office building in Orland Park with high commuter traffic.

    8651 W 159Th St, Orland Park, IL 60462
    View details
    Updated Office Space in Mokena
    Contact for pricing

    Updated Office Space in Mokena

    Well-maintained office building with updated atrium and functional layout.

    18927 Hickory Creek Dr, Mokena, IL 60448
    View details
    Storefront on Route 30
    Contact for pricing

    Storefront on Route 30

    Storefront for rent on Route 30 in Chicago Heights.

    710 W Lincoln Hwy, Chicago Heights, IL 60411
    View details
    Office Space in Hanover Park
    Contact for pricing
    43,560 SF

    Office Space in Hanover Park

    Office space with basement storage in convenient Hanover Park location.

    1255 Bamberg Ct, Hanover Park, IL 60133
    View details
    COMMERCIAL - Mokena, IL
    Contact for pricing

    COMMERCIAL - Mokena, IL

    Flex space

    9623 194Th Pl, Mokena, IL 60448
    View details
    Rehabbed Office Space Available
    Contact for pricing

    Rehabbed Office Space Available

    Newly renovated office space in downtown Mokena for rent.

    11225 Front St, Mokena, IL 60448
    View details
    Rehabbed Office Space Available
    Contact for pricing

    Rehabbed Office Space Available

    Newly renovated office space for rent in Downtown Mokena.

    11225 Front St, Mokena, IL 60448
    View details
    Frankfort Office Suite For Rent
    Contact for pricing

    Frankfort Office Suite For Rent

    2,100 SF office suite in well-maintained building, Route 30.

    20960 S Frankfort Square Rd, Frankfort, IL 60423
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    Mokena Industrial Space For Lease
    Contact for pricing

    Mokena Industrial Space For Lease

    Industrial space with workshop and office near I-80.

    9627 194Th Pl, Mokena, IL 60448
    View details
    2,000 SF Office Condo
    Contact for pricing
    2,000 SF

    2,000 SF Office Condo

    Office condo in Will County, suitable for professional use.

    8041 W 186Th St, Tinley Park, IL 60487
    View details
    Orland Park Professional Office Space
    Contact for pricing

    Orland Park Professional Office Space

    Professional office space for lease in Orland Park, Illinois.

    8651 W 159Th St, Orland Park, IL 60462
    View details
    Class A Office Building
    Contact for pricing

    Class A Office Building

    Three-story office building near I-80 and train station.

    19065 S Hickory Creek Dr, Mokena, IL 60448
    View details
    Olympia Fields Professional/Medical Space
    Contact for pricing

    Olympia Fields Professional/Medical Space

    Two-story brick building suitable for medical or professional use.

    2555 W Lincoln Hwy, Olympia Fields, IL 60461
    View details
    Storefront for Rent on Route
    $17 SF/Yr

    Storefront for Rent on Route

    Neighborhood storefront on a high-traffic route with ample parking.

    710 W Lincoln Hwy, Chicago Heights, IL 60411
    View details

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    Village Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Village Realty
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