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    Frankfort, IL
    Shopping Center

    Frankfort, IL Shopping Centers for Sale

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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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    1 active listing matches your search: Shopping Center for sale in Frankfort, IL. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

    Opportunities in Nearby Cities

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

    Fully Leased Shopping Center
    Fully Leased Shopping Center

    4017 39 W 175th St, Country Club Hills, IL 60478

    Contact for pricing
    9,725 sqft
    100% occupied

    Recent capital improvements have been completed at this neighborhood retail property.

    View details
    Two-Building Mixed-Use Portfolio
    Two-Building Mixed-Use Portfolio

    14808 Cicero Avenue, Oak Forest, IL 60445

    $749,000
    1 building  2-story  Built 1984 / renov 2022  Multi-tenant
    100% occupied

    The property combines a multi-tenant office building with a separate retail center.

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    Retail Center on 175th Street
    Retail Center on 175th Street

    4019 175th St, Country Club Hills, IL 60478

    Contact for pricing
    9,725 sqft  Built 1988 / renov 2022  1.05 acres

    Well-located retail center in Country Club Hills, Illinois.

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    Oak Forest Investment Opportunity
    Oak Forest Investment Opportunity

    4815 155th St, Oak Forest, IL 60452

    Contact for pricing
    5,000 sqft  Built 1976

    Profitable strip center anchored by a historic day care.

    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 acres

    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 acres  Commercial

    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 acres

    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 acres

    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 3
    Grocery and convenience stores 1
    Storefront properties 1

    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

    How Realmo verifies these figures

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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: (708) 478-1212
    vrsrealty.com
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