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Frankfort Farmland with Warehouse
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9815 W Laraway Rd, Frankfort, IL 60423

21 acres with warehouse, potential for industrial zoning.

Property Size2,500 SF
Lot Size21.00 Acres
Price / SF$339.60
Days on Market867

Property Features for 9815 W Laraway Rd

General Information

Standard status Active
Size 2,500 SF
Lot size 21.00 Acres
Property subtype Land
Listing Agency: Chicago-Coldwell Banker Commercial NRT
Listed By: Chuck Groebe · License #IL
Source: Crexi
Added: Apr 6, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:43AM

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 Chicago-Coldwell Banker Commercial NRT

Investment Insights

Based on property information with market context.

This property features 21 acres of farmland in Frankfort, presenting potential for future industrial zoning. Located near the intersection of Laraway Road and Center Road, the site includes a 2,500 sq. ft. heated warehouse. The warehouse is equipped with two large overhead doors, ample parking space, and two handicapped-accessible bathrooms with heated floors. The front acreage contains two outbuildings and elevated land suitable for immediate use. The property layout is suited for small businesses, offering investment potential with opportunities for future development on the 21 acres towards the rear. A ComEd easement separates the back 11.25 acres, but access is maintained. The location provides access to I-57, LaGrange Road, and I-355. An adjacent 35-acre farm with Laraway frontage and an additional 20 acres south of the ComEd easement is also available for sale.

Key Highlights

  • 21 acres of prime Frankfort farmland with potential for future industrial zoning.
  • 2,500 sq. ft. heated warehouse with two large overhead doors and ample parking.**
  • Strategic location with easy access to I‑57, LaGrange Road, and I‑355.

Property Analytics

Current Use

Agricultural land / Farmland

Suggested Use

Top Pick Dental Office Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Locksmith

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

196
Businesses Nearby

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - 21 acres with warehouse, potential for industrial zoning.
Where is this agricultural land / farmland located?
The property is located at 9815 W Laraway Rd Frankfort, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 21 acres of prime Frankfort farmland with potential for future industrial zoning.; 2,500 sq. ft. heated warehouse with two large overhead doors and ample parking.**; Strategic location with easy access to I‑57, LaGrange Road, and I‑355.
More about this property
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