Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    31 Bankview Dr Frankfort, IL 60423

    Sponsored
    For Lease
    $20 SF/Yr

    Neighborhood center with 2 spaces available

    Lot size:
    27,048 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Frankfort Plaza, a single-story, 27,048 square foot neighborhood retail center in Will County, offers an exceptional investment opportunity. This 14-suite property boasts a prime location, enjoying high visibility from both LaGrange Road and Bankview Drive, with convenient access to Lincoln Highway and the I-80 interchange. The center benefits from strong traffic counts and a high-income demographic, attracting a desirable tenant mix. Currently, the center houses a diverse range of established businesses, including ATI Physical Therapy, Kumon Math and Reading Centers, Seattle Sutton's Healthy Eating, Minutemen Press, and Action Sports, demonstrating the property's appeal and consistent occupancy. Two retail spaces are currently available, presenting a unique chance to expand your business or add to a growing portfolio. The property's strategic location and established tenant base make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable retail venture. The existing tenants represent a blend of national and local businesses, creating a vibrant and well-rounded shopping destination. This is a rare opportunity to acquire a well-positioned retail center in a thriving community.

    Property Features for 31 Bankview Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,048 SF
    Total Rate
    45080

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Space 59
    Size
    1,500 SF
    Rate per SF
    $20
    Space
    Space 99
    Size
    1,500 SF
    Rate per SF
    $240

    HighLights

    • Retail property totaling 27,048 square feet.
    • Neighborhood center with 14 suites in a single‑story building.
    • Two 1,500 square foot spaces currently available for lease.
    • Located in Will County, with excellent visibility on LaGrange Road and Bankview Drive, near Lincoln Hwy and I‑80.
    • Strong tenant mix including national and local businesses such as ATI Physical Therapy, Kumon, Seattle Sutton, Minutemen Press, and Action Sports.
    Property Profile Location Intelligence

    Current Use by Public Records

    We Fix Phones, ... Mobile Phone Repair Shop Amazon Hub Counter ... Mailing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.850172995823
    Latitude
    41.510337740137

    Nearby Similar for Lease

    • New
      Contact for pricing

      Frankfort Office Space For Rent

      2,100 SF office space in brick building, Frankfort, IL.
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Second-floor office suite with private offices, break room, open space.
      9324 Gulfstream Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Frankfort Office Suite For Rent

      2,100 SF office suite in well-maintained building, Route 30.
      20960 S Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • $6 SF/Yr
      6,033 SF

      Frankfort Office Space Available

      Flexible Offices, Coworking & More
      7777 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $35 SF/Yr
      8,000 SF

      Frankfort Retail Space For Lease

      Prime Frankfort restaurant, 6,800 SF
      10211 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $16 SF/Yr
      30,521 SF

      Frankfort Office Space Available

      Class A office suites, build-to-suit options.
      20624 Abbey Woods Ct, Frankfort, IL 60423
      View Details
    • $168 SF/Yr
      24,000 SF

      Frankfort Office Space Available

      Prime Frankfort location, multiple suites available.
      20550 La Grange Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Office Unit in Frankfort

      Office unit available in professional brick building with utilities included.
      20950 S Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,671 SF

      Retail Space in Frankfort, IL

      Grocery-anchored retail space in a high-growth Chicago suburb.
      21124-21230 S La Grange Rd, Frankfort, IL 60423
      View Details
    • $14 SF/Yr
      2,100 SF

      Victory Campus Office Suite B

      2100 sq ft Office - Immediate Occupancy
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Frankfort, Illinois

      Retail space available in a premier power center.
      11043 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • Contact for pricing
      35,216 SF

      Retail Space in Frankfort, Illinois

      Premier power center with national retailers in growing southwest suburbs.
      11055 W Lincoln Hwy, Frankfort, IL 60423
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Neighborhood center with 2 spaces available
    Where is this neighborhood center located?
    The property is located at 31 Bankview Dr Frankfort, IL.
    What is the lease rate?
    The lease rate is $20-$240 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 27,048 square feet.; Neighborhood center with 14 suites in a single-story building.; Two 1,500 square foot spaces currently available for lease.
    Request Owner's contact information
    31 Bankview Dr Frankfort, IL 60423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Bankview Dr
    Frankfort, IL 60423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31 Bankview Dr Frankfort, IL 60423
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.