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    9701-09 Franklin Ave Franklin Park, IL 60131

    New
    For Sale
    $1,050,000

    Other - Franklin Park, IL

    Property size:
    9,729 SF
    Days on Market:
    5
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 9701-09 Franklin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    12282070100000
    Size
    9,729 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Number of units
    5
    Architectural style
    Other

    CAPITAL INVESTMENT REALTY GROUP INC (708) 442-6385 [email protected]

    Listing agent Otis Lazich (708) 692-7283 License #471009343

    Listing date Dec 10, 2025

    MLS# 12434177 Listing URL

    Copyright © 2025 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.

    Overview

    Development Opportunity Near Train Station

    This property presents a significant development opportunity, encompassing half a block and consisting of four parcels. The location is considered prime, situated one block from the train station, with ongoing development in the surrounding area. The Village has expressed interest in seeing the property developed for possible commercial or residential use. The property consists of 9729 square feet of land. The zoning is RTAIL. The property is located in Franklin Park, Illinois, in Cook County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8680977
    Latitude
    41.9358616

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    FAQs

    What type of property is this?
    Commercial land - Prime location for commercial/residential development near train station.
    Where is this commercial land located?
    The property is located at 9701-09 Franklin Ave Franklin Park, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Huge development opportunity: Half a block available for sale.; - Potential for Commercial/Residential development (Village approval encouraged).; - Prime location: One block from the train station.
    (708) 692-7283
    Request Owner's contact information
    9701-09 Franklin Ave Franklin Park, IL 60131
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    Franklin Park, IL 60131
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    Realmo Value Estimation

    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.

    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.

    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
    9701-09 Franklin Ave Franklin Park, IL 60131
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