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    20551 S La Grange Rd Frankfort, IL 60423

    For Lease
    $35 SF/Yr ($8,729 /Mo)

    2,993 SF restaurant with drive-thru on LaGrange Road.

    Property size:
    2,993 SF
    Lot size:
    0.60 Acres

    Property Features for 20551 S La Grange Rd

    General Information

    Size
    2,993 SF
    Lot size
    0.60 Acres

    Source: Latitude Commercial Agent Myles Rapchak

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

    Overview

    Freestanding Restaurant with Drive Thru

    This 2,993 square foot freestanding restaurant with a drive-thru is available for rent. The property is located on LaGrange Road, offering high visibility and ample parking. It benefits from excellent traffic counts of over 33,000 vehicles per day on LaGrange Road. Kitchen equipment, including a hood, is included with the property. The location is approximately one-half mile from Lincoln Way East High School. The village of Frankfort was voted the #1 place to live in Will County by Niche in 2024.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Coffee Shop

    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
    -87.8492451
    Latitude
    41.5175846

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    FAQs

    What type of property is this?
    Drive through restaurant - 2,993 SF restaurant with drive-thru on LaGrange Road.
    Where is this drive through restaurant located?
    The property is located at 20551 S La Grange Rd Frankfort, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding Restaurant with Drive-Thru; - Excellent Visibility on LaGrange Road; - Ample Parking
    (219) 308-3553
    Request Owner's contact information
    20551 S 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
    20551 S La Grange Rd Frankfort, IL 60423
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