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

Single-story medical and wellness facility with clinical areas, patient amenities, and a dedicated reception space.

Property Size4,800 SF
Price / SF$0.01
Days on Market117

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

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 #471022481
Source: Birdrealtysells
Added: May 5 Changed: Aug 28 Last Checked: Aug 29 at 10:18AM

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.

This freestanding spa and wellness property contains 4,800 SF in a modern single-story building completed in 2024. The interior includes specialized areas for clinical and wellness services, along with luxury locker rooms, showers, and a professional reception area. Its current med-spa configuration is also positioned for medical, dental, or aesthetic practice use.

Building systems include 120V/220V power, central air, and heating supported by forced air, gas, and steam. The facility is fully sprinklered and carries B2 Commercial zoning. An expansive parking lot provides 24 spaces, while the property has high-visibility frontage on Laraway Rd near the Wolf Rd and Laraway Rd intersection in Frankfort, Illinois.

Key Highlights

  • 4,800 SF freestanding spa and wellness building
  • Completed in 2024 with a modern 1‑story layout
  • 120V/220V power, central air, and forced air, gas, and steam heating

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

Location Intelligence

Trade Area within ½ mile

133
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

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

Frequently Asked Questions

What type of property is this?
Spa & wellness property - Single-story medical and wellness facility with clinical areas, patient amenities, and a dedicated reception space.
Where is this spa & wellness property located?
The property is located at 11240 W Laraway Road Frankfort, IL.
What are key features of this property?
This property features: 4,800 SF freestanding spa and wellness building; Completed in 2024 with a modern 1‑story layout; 120V/220V power, central air, and forced air, gas, and steam heating
More about this property
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