Property profile

21730 La Grange Rd Frankfort, IL 60423

OFF-MARKET
Commercial real estate
Saved · see the list in your Dashboard
Property ID
US28-5351199
15,396 SF 5 ac Built 1963
Last sale Apr 2025·$2,600,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$278k
Assessed land$129k
Assessed improvement$150k
Effective rate8.45%

Value estimate

· Nov 2026
$2.47M
$2.22M – $2.72M
AI approach$2.36M
Submarket $/SF estimate$1.81M

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
ZIP average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$117 – $214
Qualifying comparables18

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.4
Auto Repair Shop17.0
Wholesale Shop16.1

Location

21730 La Grange Rd Frankfort, IL 60423-2028
County assessor Recorded deeds · 6 transfers 18 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
222 Colorado, Frankfort, IL 60423-1334 $1,400,000 Dec 2025 19,354 SF
145 Industry, Frankfort, IL 60423-1639 $4,925,000 May 2025 16,800 SF
Industry, Frankfort, IL 60423 $4,925,000 May 2025 14,000 SF
19653 Edinburgh, Frankfort, IL 60423-6951 $1,550,000 Mar 2025 8,244 SF
109 Nebraska, Frankfort, IL 60423-1545 $5,100,000 Jan 2025 14,430 SF
11200 Laraway, Frankfort, IL 60423-8705 $4,333,333 Feb 2024 14,719 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 21730 La Grange Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved