3 Elwood St, Frankfort, IL

Listing office Network Commercial Real Estate Show Phone

Listing date Jul 24, 2025

Source Moodyscre

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Overview

This commercial land is located in a historic downtown location with heavy foot traffic and a walking-friendly atmosphere. The area is characterized by high income and disposable income. Walking and biking paths surround the downtown area. The Village prefers retail and restaurant uses for the property, and tax-producing uses must occupy the majority of the first floor. The second floor may be used for office or residential purposes, presenting an opportunity to bring development ideas to this location.

Suggested Use

Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Cosmetic Store Wine and Liquor Store Storage Facility Home Appliance Store Barber Shop Carpet & Flooring Store Arcade & Gaming Center

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

Location Insight

• Map
• Local Demand

City

Frankfort

County

Will

State

Illinois

Longitude

-87.8496

Latitude

41.4996

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FAQs

What type of property is this?

Land - Land suitable for retail, restaurant, office, or residential development.

Where is this land located?

The property is located at 3 Elwood St Frankfort, IL.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: High income / disposable income area; Heavy foot traffic, walking friendly atmosphere; Opportunity to develop in historic downtown location