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    Property profile & analytics
    OFF-MARKET Estimated value $2,505,000
    Commercial real estate

    21730 La Grange Rd, Frankfort, IL 60423-2028

    15,396 SF 5 ac lot Built 1963
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-5351199
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Black Tie Event Services Event Planning Wedding Service
    • Timber View RV Center Inc Car Dealership
    • Mcenery Enterprises Holding Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.36M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.81M
    Blend (final) Blend
    $2.51M
    Owner & transaction history
    Stephen J Mcculough & Debra M Mccul · 1 yrs held
    Stephen J Mcculough & Debra M Mccul
    since 2025
    Last sale
    $2.6M
    6 recorded transactions
    2025
    $2.6M
    2021
    $1.7M
    2013
    $835,000
    2009
    2008
    $2.7M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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