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21730 S La Grange Rd

15,396 SF Industrial Building Frankfort, IL 60423 $3,200,000 ($208/SF)

Investment Highlights

  • Low Will County Taxes
  • Easily Accessible to I-80 & I-57
  • Gated Entry & Prominent signage
  • Expansive Parking Lot

Executive Summary

Discover a PRIME opportunity to own a versatile commercial property featuring both office and warehouse space, ideally located just minutes from downtown Frankfort. Zoned I-1 (Limited Industrial), this expansive property spans approximately 5 acres and offers a total of 15,396 SF. The 5-acre parcel offers significant room for future expansion - allowing businesses to scale operations, increase production, or add new facilities without needing to relocate. Upon entering the property, you'll be welcomed by a prominent marquee for signage and a gated entrance, ensuring both visibility and secure, convenient access. The office building boasts a thoughtfully designed layout, ideal for a variety of businesses. It includes around 6,000 SF of functional office space, featuring a welcoming reception & waiting area, over 10 private offices, a breakroom, an IT room, ample storage, 1 large conference room, and two spacious rooms suitable for cubicles or additional storage. Additionally, there is also a clean, unfinished basement that provides extra storage space and houses the building's mechanical systems. The warehouse, encompassing approximately 9,000 SF, is well-equipped with 6 ceiling heaters, six drive-in doors, a break area, private restroom, and equipped with 1,200 Amps of electric as well as trench drains / triple catch basins making it adaptable for a range of industrial and commercial uses. This property is a rare find, offering both functionality and an excellent location!

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,200,000
Price Per SF $208
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Showroom
  • FlexLight Distribution
Building Class B
Lot Size 5.00 AC
Rentable Building Area 15,396 SF
No. Stories 1
Year Built 1936
Tenancy Single
Parking Ratio 1.62/1,000 SF
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 5

Amenities

  • Security System
  • Yard
  • Reception
  • Monument Signage
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-28-101-004
Land Assessment
$128,703
Improvements Assessment
$149,630
Total Assessment
$278,333
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code I-1 (I-1 Commercial Always check with Village for specific requirements)
I-1 (I-1 Commercial Always check with Village for specific requirements)
  • Listing ID: 32630196

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 21730 S La Grange Rd, Frankfort, IL 60423

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