Property profile

19915 La Grange Rd Frankfort, IL 60423

OFF-MARKET
Commercial real estate
Property ID
US28-2267359
7,200 SF 0.48 ac lot Built 1992
Trust Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,200 square foot commercial property in Frankfort, Illinois, presents a unique investment opportunity. Situated on a signalized corner at LaGrange and Laporte Roads, approximately one mile from the I-80 interchange, this single-tenant building offers unparalleled accessibility and visibility. The property boasts a spacious showroom featuring radiant heated floors, enhancing both comfort and appeal. Two private offices provide dedicated workspace, while a substantial 4,200 square foot warehouse/service area, equipped with three overhead doors, caters to diverse operational needs. Originally zoned C4, this property offers the flexibility of C3, C2, and C1 zoning without requiring a special use permit, ensuring long-term adaptability for various business ventures. The property features a fully curbed, paved, and well-lit parking lot with over 100 spaces, ensuring ample parking for customers and employees. Two convenient entrances further enhance operational efficiency. This prime location in Will County, with its address at 19915 LaGrange Rd, Frankfort, IL 60423, makes it an ideal choice for businesses seeking a versatile and strategically located space. The property is available for lease, and also for sale at $2,790,000. Ground lease options are also available.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1992
Construction WOOD
Total area 7,200 SF
Lot 0.48 ac (20,909 SF)
APN 19-09-15-100-008
UPID US28-2267359

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Dealership
  • Auto Repair Shop
  • Building Supply General Contractor

Location

19915 La Grange Rd Frankfort, IL 60423-3103
Frankfort metro Census 883513 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$844k
Blend (final) Blend
$820k

Owner & transaction history

since 2009
7 recorded transactions
2009
Price N/A
2007
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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