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Freestanding Spa & Wellness Building
New
For Sale
$3,950,000

11240 W Laraway Rd, Frankfort, IL 60423

Modern single-story facility with clinical areas, wellness amenities, parking, and commercial zoning.

Property Size4,800 SF
Price / SF$822.92
Days on Market2

Property Features for 11240 W Laraway Rd

General Information

Standard status Active
Size 4,800 SF

Building Details

Year Built 2024
Listing Agency: Village Realty, Inc.
Listed By: Michael Glenn · License #IL471.022481
Source: Amyboston.realtopiare
Added: Sep 4 Last Checked: Sep 4 at 2:57PM

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 4,800-square-foot freestanding spa and wellness building provides a modern 1-story layout with dedicated areas for clinical and wellness services. The facility includes a professional reception area, luxury locker rooms, showers, central air, 120V/220V power, and heating through forced air, gas, and steam systems. A full sprinkler system and B2 Commercial zoning support the property’s existing medical and wellness configuration.

The property is located near the Wolf Rd and Laraway Rd intersection in Frankfort, with frontage on Laraway Rd and an expansive lot offering 24 parking spaces. The building is currently operating as a med-spa and includes a finished interior suitable for medical, dental, or aesthetic practice use.

Key Highlights

  • 4,800 SF freestanding building completed in 2024
  • Modern 1‑story layout with clinical and wellness service areas
  • B2 Commercial zoning with a fully sprinklered facility

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.

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 - Modern single-story facility with clinical areas, wellness amenities, parking, and commercial zoning.
Where is this spa & wellness property located?
The property is located at 11240 W Laraway Rd Frankfort, IL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 4,800 SF freestanding building completed in 2024; Modern 1‑story layout with clinical and wellness service areas; B2 Commercial zoning with a fully sprinklered facility
More about this property
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