Frankfort, IL Retail Properties & Spaces for Sale

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7 properties

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Updated: Aug 17

Occupied Storefront Building

21016 S 80th Ave, Frankfort, IL 60423

$1,100,000

8,840 sqft

8,840‑square‑foot storefront property built in 1965
Fully occupied building with updates throughout
Roof replaced in 2014 and 2015
Visible from Lincoln Hwy and 80th Ave
Ample parking

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This listing looks promising.

Here's a quick look at some key insights for

21016 S 80th Ave, Frankfort, IL 60423

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$84K
Annual
Price @ 7% Cap

$1.19M
Above asking

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Updated: Oct 13, 2025

Lincoln Highway Commercial Land

7825 W Lincoln Highway, Frankfort, IL 60423

$510,000

0.84 AC lot

0.8396‑acre commercial land parcel
Frontage along Lincoln Highway in Frankfort
Existing structure built in 1975 that may be demolished
Residential, commercial, or mixed‑use development potential
Convenient ingress and egress

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Flex Space with Showroom

19915 LaGrange Rd, Frankfort, IL 60423

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7,200 sqft 1.00 AC lot

Signalized-corner commercial property with adaptable zoning, multiple entrances, and substantial paved parking.

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Retail Space in Shopping Center

20815 La Grange Road, Frankfort, IL 60423

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4,186 sqft

Retail space in a center with a drive-through Starbucks and multiple food, grocery, and service businesses.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Grocery Anchored Retail Center

21164 S La Grange Road |, Frankfort, IL 60423

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1 sqft

Strong performing retail center in Frankfort, Illinois, anchored by Jewel-Osco.

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Absolute NNN Property

19900 LaGrange Rd, Frankfort, IL 60423

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A newly executed lease provides absolute NNN structure without a rent holiday.

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Established Pet Grooming Retail Space

33 Old Frankfort Way, Frankfort, IL 60423

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Operating pet grooming business with established staff and state-of-the-art equipment.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 7 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Building

18635 West Creek Drive, Tinley Park, IL 60477

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12,000 sqft

Retail property offered for sale with approximately 12,000 SF of space.

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Fully Occupied Strip Center

9440 W 191st St, Mokena, IL 60448

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12-unit strip center with 100% occupancy at the northeast corner of 191st Street and US Route 45.

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Auto Shop and Retail Space

7601 W 191st St, Tinley Park, IL 60487

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Custom off-road rim shop available for sale on W 191st St in Tinley Park, IL.

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Corner Mixed-Use Unit

8527 West 191st Street, Unit 33A, Mokena, IL 60448

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Three private offices, a kitchenette, private bath, foyer, utility room, and coat closet provide a practical interior layout.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Frankfort Land for Mixed-Use Development

795 Center Road, Frankfort, IL 60423

Contact for pricing

11.00 AC lot

Approximately 11 acres of land for mixed-use development.

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Mokena Commercial Site For Sale

191 88th Ave, Mokena, IL 60448

$4,250,000

17.81 AC lot

Prime commercial land with flexible zoning and high visibility.

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Commercial Land Near Metra

19099 Hickory Creek Drive, Mokena, IL 60448

$50,000

0.55 AC lot

A compact commercial parcel with water available and direct access to established regional transportation connections.

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Pad-Ready Commercial Land

191 88th Avenue, Mokena, IL 60448

$4,250,000

17.81 AC lot

Improved commercial site with roads and utility infrastructure already in place.

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Off-Market Properties in Frankfort, IL

Consider similar Off-Market properties in Frankfort, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Retail properties & Spaces

9500 Lincoln Hwy, Frankfort, IL 60423

Value Estimation by Request

11,100 sqft 1.07 AC lot

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Individual retail properties

20901 La Grange Rd, Frankfort, IL 60423

Value Estimation by Request

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Individual retail properties

19900 La Grange Rd, Frankfort, IL 60423

Value Estimation by Request

13,225 sqft 1.67 AC lot

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Restaurants

19973-19991 La Grange Rd, Frankfort, IL 60423

Value Estimation by Request

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Restaurants

19943-19959 La Grange Rd, Frankfort, IL 60423

Value Estimation by Request

15,531 sqft

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Retail properties & Spaces

19800 Harlem Ave, Frankfort, IL 60423

Value Estimation by Request

48,124 sqft

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Frankfort, IL Retail Properties & Spaces Market Trends and Statistics

Explore 13 retail properties & spaces for sale in Frankfort, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 20,227 square feet of properties for sale, with an estimated market value of $1,610,000.

Sale prices for stores in Frankfort, IL start at $510,000, averaging $805,000, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 33K

Population Growth (5Y) +6.1%

Median Household Income $137,651

College Educated 67.6%

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Will County

New Delisted

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