Property profile

20550 La Grange Rd Frankfort, IL 60423

FOR LEASE
Commercial land
Property ID
US28-0705783
0.66 ac lot
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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20550 La Grange Rd, Frankfort, IL 60423 For Lease
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20550 La Grange Rd, Frankfort, IL 60423
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Property summary

AI-generated overview

This exceptional office space, located at 20550 LaGrange Rd in Frankfort, Illinois, 60423, offers a fantastic opportunity for businesses of all sizes. The property, built in 2002, is a three-story building totaling 24,000 square feet and features a traditional office layout. Currently, there are multiple suites available, ranging in size from 275 square feet to 3,000 square feet, providing flexibility for various business needs. The building boasts ample parking with 98 spaces available for tenants and their clients. The property's zoning classification requires verification with the village of Frankfort. This location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking maximum exposure within a thriving community. The address is easily accessible from LaGrange Road, ensuring convenient access for employees and clients alike. This is a rare opportunity to secure office space in a well-maintained building with ample parking in a desirable location. Don't miss out on this chance to establish or expand your business in a vibrant and accessible area. Contact us today to learn more about available suites and lease terms.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.66 ac (28,750 SF)
APN 19-09-16-401-002
UPID US28-0705783

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
  • Law Firm
  • Counselor
  • Counselor
  • Physician Medical Clinic
  • Medical Clinic

Location

20550 La Grange Rd Frankfort, IL 60423
Frankfort metro Census 883515 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2024
Last sale
$395,000
7 recorded transactions
2026
Price N/A
2024
Price N/A
2018
$1.5M
2012
$250,000
2009
$395,000
2009
Price N/A
2008
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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