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    21730 La Grange Rd Frankfort, IL 60423

    For Sale
    $3,200,000

    5-Acre Industrial Property, 15,396 SF

    Property size:
    15,396 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in Frankfort, IL presents a unique investment opportunity. Situated on a sizable 5-acre lot zoned I-1 (Limited Industrial), this property boasts a total of 15,396 square feet, combining office and warehouse space. The prominent location, minutes from downtown Frankfort, offers excellent visibility thanks to a gated entrance and marquee signage. The approximately 6,000 square foot office building features a reception area, over ten private offices, a breakroom, IT room, ample storage, a large conference room, and two additional rooms suitable for cubicles or storage. A clean, unfinished basement provides extra storage and houses mechanical systems. The substantial 9,000 square foot warehouse is equipped for diverse uses with six drive-in doors of varying sizes (14'x14', two 14'x16', 16'x14', 14'x12', 12'x12'), six ceiling heaters, a break area, a private restroom, and robust 220V electricity (1,200 Amps). The expansive lot allows for significant future expansion, providing ample room for growth and scalability. This property offers a rare blend of functionality, location, and potential for a variety of commercial and industrial businesses.

    Property Features for 21730 La Grange Rd

    General Information

    Property type
    Retail properties
    Square Feet
    15,396 SF
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Black Tie Event ... Event Planner Timber View RV ... Rv Dealer Mcenery Enterprises Holding Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8671
    Latitude
    41.49425

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    FAQs

    What type of property is this?
    Retail property - 5-Acre Industrial Property, 15,396 SF
    Where is this retail property located?
    The property is located at 21730 La Grange Rd Frankfort, IL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (708) 719-3444
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    21730 La Grange Rd Frankfort, IL 60423
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    Frankfort, IL 60423
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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
    21730 La Grange Rd Frankfort, IL 60423
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