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Property profile & analytics

21730 La Grange Rd Frankfort, IL 60423-2028

  • Commercial real estate
  • 15,396 SF
  • 5.00 lot acres
OFF-MARKET
Last Sale
Apr 03, 2025
$2,600,000
Value Estimations
$2,505,000
Show details
Cap Rate Potential
9.5%
Commercial real estate
Location Intelligence
Property ID
US28-5351199
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Black Tie Event Services / Event Planning / Wedding Service
  • Timber View RV Center Inc / Car Dealership
  • Mcenery Enterprises / Holding Company

Property Details for 21730 La Grange Rd

Year built
1963
Construction
STEEL FRAME
Lot size
5.00 lot acres
Property size
15,396 SF
Property type
Commercial real estate
APN
19-09-28-101-004
APU
190928101004

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,470,000
    ML approach
    $2,355,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,805,000
    Market price range: $1.81M - $3.30M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Frankfort
County
Will
State
Illinois
Longitude
-87.8672
Latitude
41.4946
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,520
$128,703
$149,630
$278,333
-
$386,109
$448,890
$834,999
More about this property
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