Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9701-09 Franklin Ave Franklin Park, IL 60131

    View on Map
    Sponsored
    For Sale
    $990,000

    COMMERCIAL - Franklin Park, IL

    Type:Retail
    Lot size:
    0.34 Acres
    Days on Market:
    33
    Last Refresh:
    Mar 22 at 7:06 am

    Property Features for 9701-09 Franklin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    12282070100000
    Lot size
    0.34 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    5
    Building materials
    Brick

    We can help!

    Listing Contact
    Otis Lazich
    Otis Lazich

    CAPITAL INVESTMENT REALTY GROUP INC

    Listing agent Otis Lazich

    Listing date Feb 17, 2026

    MLS# 12434177

    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.

    Learn more

    Property Insight Report

    Overview

    Franklin Park Development Opportunity

    This property presents a significant development opportunity, encompassing half a block. The Village has expressed interest in seeing the property developed for potential commercial or residential use. Situated in a prime location one block from the train station, the area is experiencing considerable development. The property comprises four parcels. This is a prime location. The property is suitable for commercial and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    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

    Nearby Similar for Sale

    • New
      $480,000
      0.17 Acres

      Franklin Park Commercial Opportunity

      Commercial property for sale in Franklin Park, Illinois.
      9125 Belden Ave, Franklin Park, IL 60131
      View Details
    • $1,000,000
      0.46 Acres

      Airport Parking and Car Detailing

      Established parking and detailing facility near O'Hare International Airport.
      3950 N Mannheim Rd, Franklin Park, IL 60131
      View Details
    • $999,000
      0.23 Acres

      Franklin Park Multifamily Investment Opportunity

      Two 10-unit buildings with recent upgrades and tax advantages.
      10548 Crown Rd, Franklin Park, IL 60131
      View Details
    • $1,100,000
      0.23 Acres

      Franklin Park Multifamily Investment Opportunity

      Two ten-unit apartment buildings with recent upgrades and tax benefits.
      10542 Crown Rd, Franklin Park, IL 60131
      View Details
    • New
      $1,700,000
      0.69 Acres

      Franklin Park Commercial Opportunity

      Commercial property for sale in Franklin Park, Illinois.
      2330 17Th St, Franklin Park, IL 60131
      View Details
    • $599,000
      4,900 SF

      Commercial Building with Rear Parking

      One-story commercial building in a busy area with parking.
      9514 W Grand Ave, Franklin Park, IL 60131
      View Details
    • $360,000
      6,000 SF

      Industrial Property in Franklin Park

      6,000 SF industrial property with established transportation access.
      10136 Pacific Ave, Franklin Park, IL 60131
      View Details
    • $1,500,000

      Leased Investment Property Near I-490

      Fully leased investment property with future I-490 interchange access.
      1060-1078 E Green St, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      66,000 SF

      Industrial Property with Office Space

      Industrial property featuring warehouse, storage, and office space.
      10740 W Grand Ave, Franklin Park, IL 60131
      View Details
    • Contact for pricing

      Franklin Park Industrial Building

      38,000 SF industrial building with heavy power capacity.
      3845 Carnation St, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      99,682 SF

      O'Hare Industrial Spec Building

      97,525 SF industrial space near O’Hare International Airport.
      3600 River Rd, Franklin Park, IL 60131
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime location near train station for commercial/residential development.
    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 $990,000.
    What are key features of this property?
    This property features: - Huge development opportunity: Half a block available for sale.; - Prime location: Just one block from the train station.; - Development potential: Village encourages commercial/residential use.
    (708) 692-7283
    Request Owner's contact information
    9701-09 Franklin Ave Franklin Park, IL 60131
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9701-09 Franklin Ave
    Franklin Park, IL 60131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9701-09 Franklin Ave Franklin Park, IL 60131
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Otis Lazich
    Otis Lazich
    Real Estate License ID: 471009343
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!