Financial
Distress signals
Property profile

21950 La Grange Rd Ste B Frankfort, IL 60423

OFF-MARKET
Industrial properties
Property ID
US28-2713605
51,200 SF 5 ac lot Built 1971
Last sale May 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Frankfort, IL industrial property offers 51,200 square feet of warehouse space, divisible to a minimum of 13,750 square feet and a maximum contiguous space of 16,250 square feet. The single-story building, constructed in 1971 and renovated in 2019, features a 30-foot ceiling height, one drive-in door, and 23 total parking spaces. The property sits on five acres of land and is zoned I1. Located at 21950 LaGrange Road, near S 104th Ave, this location provides convenient access to major

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$53k
Tax billed · 2023
Assessed value$633k
Assessed land$136k
Assessed improvement$497k
Effective rate8.45%

Value estimate

· Sep 2026
$910k
$819k – $1.00M
CAP approach$3.39M
Submarket $/SF estimate$3.49M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$97/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$68 – $130
Qualifying comparables4

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 agency20.1
Restaurant17.3
Auto Repair Shop15.6

Location

21950 La Grange Rd Ste B Frankfort, IL 60423-9780
County assessor Recorded deeds · 19 transfers 4 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
9302 Gulfstream, Frankfort, IL 60423-2622 $1,610,000 Dec 2025 11,920 SF
170 Ontario, Frankfort, IL 60423-1698 $4,500,000 Jan 2025 45,050 SF
22530 Ctr, Frankfort, IL 60423-1667 $1,425,000 Oct 2024 14,932 SF
21440 La Grange, Frankfort, IL 60423-2026 $575,000 Aug 2023 40,108 SF
9303 Gulfstream, Frankfort, IL 60423-2517 $1,000,000 Jul 2022 14,612 SF
9425 Gulfstream, Frankfort, IL 60423-2518 $275,000 Jan 2022 16,381 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
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