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    21124-21230 S La Grange Rd Frankfort, IL 60423

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    For Lease
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    Grocery-anchored retail space in a high-growth Chicago suburb.

    Property size:
    1,671 SF
    Lot size:
    13.20 Acres

    Property Features for 21124-21230 S La Grange Rd

    General Information

    Size
    1,671 SF
    Lot size
    13.20 Acres

    Source: Mid-America Real Estate Group Agent Elizabeth Sweeney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Frankfort, IL

    This retail space is located in Frankfort, Illinois, an affluent southwest Chicago suburb within Will County, which is considered one of the fastest-growing counties in Illinois. The property is part of a strong-performing, grocery-anchored center. The open asphalt paved parking lot provides approximately 620 parking spaces. Two masonry signs are located on Lincoln Highway and South La Grange Road. The property offers 1671 square feet of space. Jewel-Osco, an anchor tenant, is in the top 5% in sales volume.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Similar Places Nearby

    Frankfort Town Center, Frankfort Crossing, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Trolley Barn

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8514716
    Latitude
    41.505445

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    FAQs

    What type of property is this?
    Shopping center - Grocery-anchored retail space in a high-growth Chicago suburb.
    Where is this shopping center located?
    The property is located at 21124-21230 S La Grange Rd Frankfort, IL.
    What are key features of this property?
    This property features: - Strong performing grocery anchored center; - Jewel-Osco is of top 5% in sales volume; - Located in the affluent southwest Chicago suburb of Frankfort, IL
    (630) 954-7300
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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
    21124-21230 S La Grange Rd Frankfort, IL 60423
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