Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Franklin Park Title is generated by Realmo AI

    9735-9745 Franklin Avenue, Franklin Park, IL 60131

    View on Map
    Claim this Listing
    New
    Picture of Commercial land at 9735-9745 Franklin Avenue, Franklin Park, IL
    For Sale
    Under Contract
    $650,000

    COMMERCIAL - Franklin Park, IL

    Lot size:
    0.11 Acres
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for 9735-9745 Franklin Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active Under Contract
    APN
    12282040090000
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    10341

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Kamil Chojnowski

    Listing agent Kamil Chojnowski

    Listing office eXp Realty 939 W. North Avenue, # 750, Chicago, IL

    Listing date May 26, 2026

    MLS# 12658160

    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.

    HighLights

    • Central air conditioning for year‑round comfort.
    • Additional property details available upon request.
    • Property description available for a comprehensive overview.
    • Real estate listing for serious inquiries.
    • Property information provided to assist potential buyers.
    • Potential buyer focus to facilitate a smooth transaction.

    Overview

    This commercial land, located in Franklin Park, Illinois, offers a lot size of 0.1071 acres. The property is zoned COMMR and is intended for commercial use.
    Property Profile 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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8693197
    Latitude
    41.936204

    Nearby Similar for Sale

    • $999,900
      1,650 SF

      Franklin Park Industrial Building For Sale

      Versatile industrial building in Franklin Park with logistical advantages.
      1061 Waveland Avenue, Franklin Park, IL 60131
      View Details
    • $1,100,000
      9,664 SF

      Franklin Park Industrial Opportunity

      Industrial property near O'Hare with heavy power and versatile zoning.
      10035-10045 Pacific Avenue, Franklin Park, IL 60131
      View Details
    • $1,000,000

      Airport Parking and Car Detailing

      Established parking and detailing facility near O'Hare International Airport.
      3950 N Mannheim Road, Franklin Park, IL 60131
      View Details
    • $38,999,000
      8,180 SF

      New Construction Mixed-Use Building

      New construction mixed-use building with 110 apartments and retail.
      9600 Franklin Ave, Franklin Park, IL 60131
      View Details
    • $539,000
      4,900 SF

      Commercial Building with Rear Parking

      One-story commercial building in a busy area with parking.
      9514 W GRAND Avenue, Franklin Park, IL 60131
      View Details
    • $480,000

      Franklin Park Commercial Opportunity

      Commercial property for sale in Franklin Park, Illinois.
      9125 Belden Avenue, Franklin Park, IL 60131
      View Details
    • $1,495,000
      527 SF

      Retail Space with Ample Parking

      Retail space featuring ample parking and flexible layouts for rent.
      10001-10015 Grand Ave, Franklin Park, IL
      View Details
    • $1,500,000
      11,500 SF

      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
    • $1,700,000

      Franklin Park Commercial Opportunity

      Commercial property for sale in Franklin Park, Illinois.
      2330 17th Street, Franklin Park, IL 60131
      View Details
    • $1,100,000
      9,664 SF

      Franklin Park Industrial Property Near Airport

      Industrial property near O'Hare with heavy power and versatile zoning.
      10035-10045 Pacific Avenue, Franklin Park, IL 60131
      View Details
    • Contact for pricing
      38,000 SF

      Franklin Park Industrial Building

      38,000 SF industrial building with heavy power capacity.
      3845 Carnation St, Franklin Park, IL 60131
      View Details
    • $199,900

      Franklin Park Multi-Family Lot

      Multi-family lot in Franklin Park near transportation.
      10729 W Grand Avenue, Franklin Park, IL 60131
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Franklin Park, Illinois.
    Where is this commercial land located?
    The property is located at 9735-9745 Franklin Avenue Franklin Park, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Central air conditioning for year‑round comfort.; Additional property details available upon request.; Property description available for a comprehensive overview.
    (888) 574-9405
    We can help!
    Listing Contact
    Kamil Chojnowski
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9735-9745 Franklin Avenue, Franklin Park, IL 60131
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!