21000 Frankfort Square RdFrankfort, IL 60423

  • Commercial real estate
  • 23,596 SF

Property Details for 21000 Frankfort Square Rd

Year built
2008
Construction
STEEL FRAME
Lot size
1.85 AC
Property size (Sq ft)
23,596 SF
Property type
Commercial real estate
APN
19-09-24-101-027
APU
190924101027

Description

This exceptional retail opportunity is located at 21000 S Frankfort Square Rd, Frankfort, IL 60423, a prominent location in Will County on busy Route 30, serving the Frankfort and Mokena communities. The property is a strip center totaling 23,138 square feet and features multiple suites. Currently, three spaces are available for lease, ranging from approximately 1,331 to 1,871 square feet. An end-cap suite of approximately 1,871 square feet is available, as well as a suite of approximately 1,331 square feet. Additionally, a significant 48,000 square foot outlot is available for sale. The landlord is offering tenant improvement contributions to assist with build-out, including hood and grease trap installation, making this an attractive option for restaurant operators. The property benefits from multiple access points and a traffic light at Frankfort Square Road, ensuring high visibility and accessibility. This high-income area boasts a strong population density. Will County taxes apply. This is an ideal location for businesses seeking high visibility and access to a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,679,712
    Hospitality
    $7,950,570
    Educational
    $6,614,780
    Medical
    $6,842,273
    Retail
    $10,289,659

Location Insight

City
Frankfort
County
Will
State
Illinois
Latitude
41.5071
Longitude
-87.804
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,723
$67,155
$297,997
$365,152
-
$201,465
$893,991
$1,095,456

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