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Freestanding Spa & Wellness Property
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11240 W Laraway Road, Frankfort, IL 60423

Modern clinical and wellness facility with specialized spaces, patient amenities, and on-site parking.

Property Size4,800 SF
Price / SF$0.01
Days on Market107

Property Features for 11240 W Laraway Road

General Information

Standard status Active
Size 4,800 SF
Total Parking Spaces 24
Property subtype Commercial
Zoning COMMR

Additional Details

Road Access Yes
Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $19,435

Amenities

luxury locker rooms
showers
professional reception area

Building Details

Building Size 4,800 SF
Year Built 2024
Buildings 1
Stories 1
Units 1
Listing Agency: Village Realty, Inc.
Listed By: Michael Glenn · License #IL471.022481
Source: Allinonerealestateco
Added: May 5 Changed: Aug 17 Last Checked: Aug 17 at 11:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Village Realty, Inc.

Investment Insights

Based on property information with market context.

Completed in 2024, this freestanding, one-story spa and wellness property contains 4,800 SF of purpose-built space for clinical and wellness services. The existing build-out includes specialized service areas, a professional reception area, luxury locker rooms, and showers. The facility is fully sprinklered and equipped with 120V/220V power, central air, and heating supported by forced air, gas, and steam systems.

The property is positioned near the Wolf Rd and Laraway Rd intersection in Frankfort, with frontage on Laraway Rd and an expansive parking lot providing 24 spaces. Its current med-spa configuration and existing infrastructure support continued wellness use, while the layout is also suited to medical, dental, or aesthetic practices as explicitly identified in the property information.

Key Highlights

  • 4,800 SF freestanding spa and wellness building completed in 2024
  • One‑story layout with specialized clinical and wellness service areas
  • Luxury locker rooms, showers, and professional reception area

Property Analytics

Current Use

Sauna Guard Wellness ... Spa & Massage Center

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Spa & Massage Center Building Supply Electrical Service

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
Sprinkler system
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

64
Businesses Nearby
Balanced
Demand for This Use

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

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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Similar Off Market Nearby

  • Ancient Roots Acupuncture 10850 W Laraway Rd Unit 3w, Frankfort, IL 60423
  • 11240 W Laraway Rd W Laraway Rd #11240, Frankfort, IL 60423

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Modern clinical and wellness facility with specialized spaces, patient amenities, and on-site parking.
Where is this spa & wellness property located?
The property is located at 11240 W Laraway Road Frankfort, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 4,800 SF freestanding spa and wellness building completed in 2024; One‑story layout with specialized clinical and wellness service areas; Luxury locker rooms, showers, and professional reception area
More about this property
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