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    Grocery Anchored Retail Center
    Updated: Sep 12, 2025
    Grocery Anchored Retail Center

    21164 S La Grange Road |, Frankfort, IL 60423

    Contact for pricing
    1 sqft
    Strong performing grocery anchored center.
    Located in the affluent southwest Chicago suburb of Frankfort, IL.
    Jewel‑Osco is of top 5% in sales volume.
    Located within Will County, one of the fastest‑growing counties in Illinois.
    Open asphalt paved parking lot with approximately 620 total parking spaces.
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    See hot listings in Frankfort

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Strip Mall with Medical Tenant
    Strip Mall with Medical Tenant

    4756 Cal Sag Rd, Crestwood, IL 60445

    $6,477,000
    15,812 sqft

    Fully occupied center at a signalized intersection with national retail and medical tenancy.

    View details
    Brick Strip Mall with Laundromat
    Brick Strip Mall with Laundromat

    5547-5561 127th Street, Crestwood, IL 60418

    $999,000
    0.64 AC lot

    Retail property with multiple storefronts, dedicated parking, and central air conditioning.

    View details
    Four-Unit Strip Mall
    Four-Unit Strip Mall

    1513 S State Street, Lockport, IL 60441

    $1,000,000
    0.08 AC lot

    Corner retail property with two leased units, two vacancies, central air, and on-site parking.

    View details
    Retail Outparcels Near I-355
    Retail Outparcels Near I-355

    SWC 159th Street & I-355 |, Lockport, IL 60491

    Contact for pricing

    Outparcels shadow-anchored by Walmart & Jewel/Osco, near I-355.

    View details

    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.

    Fenced Commercial Land
    Fenced Commercial Land

    24306 S Governors Highway, Monee, IL 60449

    $999,000
    8.73 AC lot

    Commercially zoned land with dual-highway access, perimeter fencing, and prepared ground for future development.

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    Commercial Development Land
    Commercial Development Land

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    12649 W 159th Street, Homer Glen, IL 60491

    $2,149,900
    16.05 AC lot

    Large commercial land tract with dual-road access and split C-3 and A-2 zoning.

    View details
    Commercial Land at Signalized Intersection
    Commercial Land at Signalized Intersection

    15551 W 143RD Street, Homer Glen, IL 60491

    $4,900,000
    14.00 AC lot

    Commercial land with natural gas available and access to a signalized intersection.

    View details

    Frankfort, IL Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Frankfort, IL on our real estate platform. These investment opportunities span a total of 1 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 4
    Grocery and convenience stores 2
    Storefront properties 2

    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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    Browse Shopping centers for Sale Near Frankfort, IL

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    Most Searched ZIP Codes in Frankfort, IL

    • 60423

    Featured Frankfort Real Estate Agencies

    Realmo connects you with licensed Frankfort CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Village Realty
    20950 S. Frankfort Square Rd, Unit C Frankfort, IL 60423
    Phone: 17084781212
    vrsrealty.com

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