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Flexible Office Units with Two Configurations
For Lease
Contact for pricing
Pending

8779 W Laraway Road, Frankfort, IL 60423

Commercial Lease, Frankfort, IL

Space Size1,200 SF - 2,400 SF
Days on Market50

Property Features for 8779 W Laraway Road

General Information

Property type Commercial Lease
Property subtype Office
Zoning OFFIC
Directions Harlem East or Lagrange West on Laraway Road to the building at the corner of Laraway Road & Phiefer.
Subdivision Frankfort
Standard status Pending

Utilities

Cooling system Central Air

Building Details

Year built 1997
Floors in Building 1
Number of units 2
Building materials Brick
Listing Agency: RE/MAX 10 · RE/MAX International
Listed By: Peggy Alexa · License #471016662
Added: Jul 16 Changed: Aug 20 Last Checked: Sep 3 at 4:06PM
MLS# 12706881

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Office units are available within a brick commercial building constructed in 1997. The premises can be leased as a single 2,400-square-foot space or arranged as two separate 1,200-square-foot suites. One suite provides a white-box interior for a custom buildout, while the other includes private offices, a conference room, reception area, open workspace, and kitchenette. Central air serves the property, and on-site parking is available.

The property is located at 8779 W Laraway Road in Frankfort, Illinois, near Downtown Frankfort and along a heavily traveled commercial corridor. Access to I-57 and I-80 supports connectivity for employees, customers, and clients across the south and southwest suburbs. The zoning designation is OFFIC, and the stated use options include office, retail, medical, and professional services.

The lease structure is a true gross lease with no CAM charges or real estate tax pass-throughs. Availability begins September 1, 2026.

Key Highlights

  • Lease the full 2,400 SF or either of two 1,200 SF office units
  • Two contrasting layouts: white‑box space and a furnished office configuration
  • Move‑in‑ready suite includes private offices, conference room, reception, open workspace, and kitchenette

Property Analytics

Current Use

Stone Creek - Frankfort, ... Community Center The ALPS Group Property Management Company Providence Manor Community ... Association / Organization Gatlin CPA Group Accounting Firm

Suggested Use

Top Pick Restaurant Garden Center Grocery & Convenience Store Law Firm (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

99
Businesses Nearby

Demographics for 60423, IL

32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value

Market

Lease Benchmarks for Frankfort, IL

$14.41 /SF/Yr
Avg Asking Price
$11–$18.9 /SF/Yr
Price Range
2,213 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Brick commercial building offering customizable and furnished office layouts with central air and on-site parking.
Where is this office units located?
The property is located at 8779 W Laraway Road Frankfort, IL.
What are key features of this property?
This property features: Lease the full 2,400 SF or either of two 1,200 SF office units; Two contrasting layouts: white‑box space and a furnished office configuration; Move‑in‑ready suite includes private offices, conference room, reception, open workspace, and kitchenette
More about this property
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