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Frankfort Farmland with Warehouse
For Sale
$849,900

9815 W Laraway Rd, Frankfort, IL 60423

21 acres with warehouse, ideal for small business.

Property Size2,500 SF
Lot Size21.00 Acres
Price / SF$339.96
Days on Market198

Property Features for 9815 W Laraway Rd

General Information

Standard status Active
Size 2,500 SF
Lot size 21.00 Acres

Building Details

Year Built 2003
Listing Agency: Coldwell Banker Realty
Listed By: Charles Groebe · License #475091121
Source: Bktchicago
Added: Mar 12 Changed: Sep 18 Last Checked: Sep 24 at 2:51PM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This property features 21 acres of farmland in Frankfort, improved with access to Laraway Road near Center Road. A 2,500 square foot warehouse includes two large overhead doors and ample parking. The front acreage has two outbuildings and raised land. The heated warehouse includes two handicapped bathrooms and heated floors. This property is suitable for a small business, with potential for future development of the 21 acres to the rear. A Com Ed easement separates the back 11.25 acres, but it is accessible over the easement. The location provides convenient access to I-57, LaGrange Road, and I-355.

Key Highlights

  • 21 acres of prime farmland with development potential
  • 2,500 sf heated warehouse with 2 large overhead doors and heated floors, plus ample parking
  • Excellent location near I‑57, LaGrange Road, and I‑355

Property Analytics

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Current Use

Farms

Suggested Use

Top Pick Dental Office Hair Salon Restaurant Nail Salon Garden Center Furniture & Home Goods

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Farm - 21 acres with warehouse, ideal for small business.
Where is this farm located?
The property is located at 9815 W Laraway Rd Frankfort, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 21 acres of prime farmland with development potential; 2,500 sf heated warehouse with 2 large overhead doors and heated floors, plus ample parking; Excellent location near I‑57, LaGrange Road, and I‑355
More about this property
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