Property profile

21730 La Grange Rd Frankfort, IL 60423

OFF-MARKET
Commercial real estate
Property ID
US28-5351199
15,396 SF 5 ac lot Built 1963
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Frankfort, IL presents a unique investment opportunity. Situated on a sizable 5-acre lot zoned I-1 (Limited Industrial), this property boasts a total of 15,396 square feet, combining office and warehouse space. The prominent location, minutes from downtown Frankfort, offers excellent visibility thanks to a gated entrance and marquee signage. The approximately 6,000 square foot office building features a reception area, over ten private offices, a breakroom, IT room, ample storage, a large conference room, and two additional rooms suitable for cubicles or storage. A clean, unfinished basement provides extra storage and houses mechanical systems. The substantial 9,000 square foot warehouse is equipped for diverse uses with six drive-in doors of varying sizes (14'x14', two 14'x16', 16'x14', 14'x12', 12'x12'), six ceiling heaters, a break area, a private restroom, and robust 220V electricity (1,200 Amps). The expansive lot allows for significant future expansion, providing ample room for growth and scalability. This property offers a rare blend of functionality, location, and potential for a variety of commercial and industrial businesses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1963
Construction STEEL FRAME
Total area 15,396 SF
Lot 5 ac (217,800 SF)
APN 19-09-28-101-004
UPID US28-5351199

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
  • Event Planning Wedding Service
  • Car Dealership
  • Holding Company

Location

21730 La Grange Rd Frankfort, IL 60423-2028
Frankfort metro Census 883516 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.36M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$2.47M

Owner & transaction history

since 2025
Last sale
$2.6M
6 recorded transactions
2025
$2.6M
2021
$1.7M
2013
$835,000
2009
Price N/A
2008
$2.7M
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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