Frankfort, IL Commercial Real Estate for Sale

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Updated: Jan 26

Free Standing Manufacturing Property

9325 Corsair Road, Frankfort, IL 60423

$2,650,000

22,052 sqft

Hard‑to‑find free standing manufacturing property
Extra land included
Excellent condition
LED lighting in plant and warehouse
Located in an industrial park

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This listing looks promising.

Here's a quick look at some key insights for

9325 Corsair Road, Frankfort, IL 60423

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Est. Cap Rate

3.6%
NOI ÷ price
Est. NOI

$95K
Annual
Price @ 7% Cap

$1.36M
Suggested
Last Sold

Jul 2006
$1.26M
Property Type

Industrial (General)
Built 1997

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Updated: May 5

Turn-Key Medical & Wellness Building

11240 W Laraway Road, Frankfort, IL 60423

$3,950,000

0.82 AC lot

Turn‑key 4,800 SF medical/wellness building completed in 2024.
Move‑in ready with a sophisticated build‑out ideal for medical, dental, or aesthetic practices.
Expansive lot with 24 parking spaces and high‑visibility frontage on Laraway Rd.
High‑end infrastructure with 120V/220V power, central air, and versatile heating system (forced air, gas, and steam).
Includes luxury locker rooms, showers, and a professional reception area.

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Commercial Office Property

219 N White Street, Frankfort, IL 60423

$1,850,000

0.50 AC lot

For sale commercial office property in Frankfort, IL, zoned COMMR.

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Commercial Land with Existing Structure

7825 W Lincoln Highway, Frankfort, IL 60423

$510,000

0.84 AC lot

Parcel includes an existing structure that can be demolished for future redevelopment.

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Frankfort Land For Sale

10850 W Laraway Road, Frankfort, IL 60423

$500,000

4.10 AC lot

4.1 acre commercial land available in Frankfort, Illinois.

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Two-Story Office Building with Basement

9999 W Lincoln Highway, Frankfort, IL 60423

$1,200,000

1.15 AC lot

Two-story brick office building with separate second-floor entry and mostly finished basement space for additional flexibility.

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Freestanding Spa & Wellness Property

11240 W Laraway Road, Frankfort, IL 60423

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4,800 sqft

Modern clinical and wellness facility with specialized spaces, patient amenities, and on-site parking.

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Turn-Key Medical Spa Building

11240 W Laraway Road, Frankfort, IL 60423

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4,800 sqft

Freestanding 1-story medical/wellness building with clinical and wellness zones, central air, and 24 on-site parking spaces.

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Class A Office Building

20624 Abbey Woods Court, Frankfort, IL 60423

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30,521 sqft 2.22 AC lot

Three-story steel and masonry office building with underground parking and a raw second floor for value-add occupancy.

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Development Site with Interstate Access

300 E. Laraway Road, Frankfort, IL 60423

$799,000

3.93 AC lot

Nearly four-acre development site with easy access to I-57 and I-80.

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Commercial Land for Future Development

Lt1 West Stuenkel Road, Frankfort, IL 60423

$949,900

53.00 AC lot

Annexed agricultural land designated under the Village comprehensive plan for future business park and residential development.

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Agricultural Land for Future Development

Lt1 W Stuenkel Rd, Frankfort, IL 60423

$899,000

53.00 AC lot

Annexed agricultural land with municipal utilities nearby, positioned for future business park and residential development.

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Industrial Land with Heated Warehouse

9815 Laraway Road, Frankfort, IL 60423

$849,900

2,500 sqft 21.00 AC lot

Land offering a heated warehouse with overhead doors, parking, and outbuildings for flexible small-business use.

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Professional Office Condo For Sale

10331 W Lincoln Hwy, Frankfort, IL 60423

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1,566 sqft

Professional office condo with build-out potential in Frankfort, Illinois.

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Grocery Anchored Retail Center

21164 S La Grange Road |, Frankfort, IL 60423

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1 sqft

Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.

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Corner Night Club and Bar

7905 Lincoln Hwy, Frankfort, IL 60423

$1,500,000

Renovation is nearly complete for a corner night club and bar with liquor and grandfathered gaming licenses.

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Office

20635 Abbey Woods Ct, Frankfort, IL 60423

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2,575 sqft

Office Units · 2,575 SF

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Industrial Special Use Building

10319 Vans Drive, Frankfort, IL 60423

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5,400 sqft

Industrial special use building totaling 5,400 SF, offered for sale.

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Industrial Building For Sale

9405 Corsair Rd, Frankfort, IL 60423

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10,890 sqft

Industrial building offered for sale totaling 10,890 SF at 9405 Corsair Rd in Frankfort, IL.

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Freestanding Manufacturing Facility with Box Pit

9325 Corsair Rd, Frankfort, IL 60423

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22,052 sqft

Manufacturing facility in excellent condition with LED lighting and an 18-foot deep box pit used as a splitter pit.

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Light Industrial Land Parcel

7200 W Steger Rd, Frankfort, IL 60423

$749,000

Land parcel with substantial frontage on both Harlem Ave and Steger Rd, with potential light industrial use.

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Frankfort Land for Mixed-Use Development

795 Center Road, Frankfort, IL 60423

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11.00 AC lot

Approximately 11 acres of land for mixed-use development.

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Highly Visible Commercial Land Lot

7825 W Lincoln Highway, Frankfort, IL 60423

$510,000

Primarily land site on Lincoln Highway with an existing structure that can be demolished.

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Commercial Land Parcel

10841 Lincoln Hwy, Frankfort, IL 60423

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2.50 AC lot

For sale commercial land parcel totaling 2.5 acres at 10841 Lincoln Hwy in Frankfort, Illinois.

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Frankfort, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Frankfort, IL, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 120,157 square feet of properties for sale, with an estimated market value of $18,788,182.

Sale prices for business properties in Frankfort, IL start at $500,000, averaging $1,252,545, and reaching up to $3,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 33K

Population Growth (5Y) +6.1%

Median Household Income $137,651

College Educated 67.6%

High-Yield Neighborhoods for Investment

Identify Frankfort submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60423	$1.3M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Will County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Frankfort fall within the 50,000 to 100,000 square foot range.

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