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Grocery Anchored Retail Center
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21164 S La Grange Road, Frankfort, IL 60423

Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.

Property Size1 SF
Days on Market343

Property Features for 21164 S La Grange Road

General Information

Standard status Active
Size 1 SF
Property subtype Retail

Building Details

Building Size 1 SF
Listing Agency: Robert Paul Properties, Inc.
Listed By: Liz Sweeney · License #137979
Source: Midamericagrp
Added: Sep 12, 2025 Changed: Aug 18 Last Checked: Aug 20 at 4:33AM

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 Robert Paul Properties, Inc.

Investment Insights

Based on property information with market context.

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

Key Highlights

  • Strong performing grocery anchored center.
  • Located in the affluent southwest Chicago suburb of Frankfort, IL.
  • Jewel‑Osco is of top 5% in sales volume.

Property Analytics

Current Use

Jewel-Osco Deli Food Market Frankfort Crossing Shopping Center & Mall TCF Bank Loan Service Jewel-Osco Pharmacy Pharmacy Redbox Cinema

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Storage Facility Bakery

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

1,165
Businesses Nearby
201k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 47% Dining 36% Shops & Services 14% Home Improvements & Furnishings 2%
Jewel-Osco Groceries
46,435 visits/mo 0.0 miles
Mariano's Groceries
44,760 visits/mo 0.4 miles
McDonald's Dining
28,686 visits/mo 0.4 miles
BP Shops & Services
12,919 visits/mo 0.3 miles
Buona Dining
11,595 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.
Where is this shopping center located?
The property is located at 21164 S La Grange Road Frankfort, IL.
What are key features of this property?
This property features: Strong performing grocery anchored center.; Located in the affluent southwest Chicago suburb of Frankfort, IL.; Jewel‑Osco is of top 5% in sales volume.
More about this property
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