Frankfort, IL Commercial Real Estate for Lease and Sale

Explore 22 listings of Frankfort commercial real estate to find the best space for your business.

20901 South La Grange Road

20901 South La Grange Road, Frankfort, IL
Property

Office

26,786 SF
Availability

2 Spaces

3,583 SF
Year Built

2008
For Lease

$27.00/SF/YR
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Fairway Lakes Estates

W Fairway Lakes Dr, Frankfort, IL
Property

VacantLand
For Sale

$6,950,000
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10211 W Lincoln Hwy

10211 W Lincoln Hwy, Frankfort, IL
Property

Retail

8,000 SF
Year Built

1999
For Sale

$1,300,000
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20635 Abbey Woods Court North

20635 Abbey Woods Court North, Frankfort, IL
Property

Office

67,227 SF
Availability

4 Spaces

1,050 SF
Year Built

2008
For Lease

$775.00 - $925.00/MO
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Land
77+/- Acres - Residential/Commercial - Frankfort

NEC Wolf Rd. and Laraway, Frankfort, IL
Property

VacantLand
For Sale

$8,000,000
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Build to Suit Office Units from +/- 1,200 to 6,750 SF | Brighton Corporate Office Park II

20624 Abbey Woods Court, Frankfort, IL
Property

Office

30,521 SF
Availability

1 Space

6,250 SF
Year Built

2008
For Lease

$16.95/SF/YR
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222 Colorado Ave

222 Colorado Ave, Frankfort, IL
Property

Office

19,900 SF
Year Built

1998
For Sale

Subject to Offer
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Brookside Commons

10171 West Lincoln Hwy, Frankfort, IL
Property

Office

78,883 SF
Availability

1 Space

275 SF
Year Built

1999
For Lease

$775.00/MO
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US 45 & Laraway

US 45 & Laraway, Frankfort, IL
Property

VacantLand
For Sale

Subject To Offer
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20400 S LaGrange Road

20400 S LaGrange Road, Frankfort, IL
Property

Retail

8,570 SF
Availability

4 Spaces

6,400 SF
Year Built

2025
For Lease Contact for pricing
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Signalized Hard Corner Development Opportunity

SEC Laraway and Wolf Rd, Frankfort, IL
Property

VacantLand
For Sale

$725,000
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Frankfort Crossing

21164 S La Grange Road, Frankfort, IL
Property

Retail

1 SF
Availability

4 Spaces

5,555 SF
For Lease Contact for pricing
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IL, Frankfort - Lincoln Highway
HQ
7777 West Lincoln Highway 1st Floor, Frankfort, IL
Services

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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10043 Lincoln Highway

10043 W Lincoln Hwy, Frankfort, IL
Property

Office

28,631 SF
Availability

2 Spaces

15,643 SF
Year Built

1993
For Lease Contact for pricing
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Tinley Park Business Center

19601 South Harlem Ave, Frankfort Square, Tinley Park, IL
Property

Industrial

1,200,000 SF
Availability

3 Spaces

1,262,300 SF
For Lease Contact for pricing
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Route 30 & Harlem Avenue

Route 30 & Harlem Avenue, Frankfort Square, Frankfort, IL
Property

VacantLand

4 Acre
For Sale

$800,000
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20551 LaGrange Road

20551 LaGrange Road, Frankfort, IL
Property

Retail

2,993 SF
Availability

1 Space

2,993 SF
Year Built

1996
For Lease

$35.00/SF/YR
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Former Butera Market

20825 South La Grange Road, Frankfort, IL
Property

Retail

39,539 SF
Availability

1 Space

39,536 SF
For Lease Contact for pricing
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3.93 Acre Industrial Site

300 E Laraway Road, Frankfort, IL
Property

VacantLand
For Sale

$725,000
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20550 S. Lagrange Rd

20550 South La Grange Road, Frankfort, IL
Property

Office

5,000 SF
Availability

1 Space

3,000 SF
For Lease

$14.00/SF/MO
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21000 S Frankfort Square Rd

21000 S Frankfort Square Rd, Frankfort, IL
Property

Retail

23,212 SF
Year Built

2008
For Sale Contact for pricing
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Prairie Crossings Shopping Center

11043 - 11185 W. Lincoln Highway, Frankfort, IL
Property

Retail

109,079 SF
Availability

4 Spaces

38,750 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Frankfort commercial real estate market incorporates 256,948 square feet of office space across 7 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Frankfort commercial real estate market includes 191,394 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Frankfort market, there is a total of 1,200,000 square feet of industrial property.

The listing inventory in Frankfort incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Frankfort is represented by Industrial space, which accounts for 1,262,300 square feet of available listings. Retail space available in Frankfort adds up to 101,234 square feet.

Meanwhile, most of the listings of commercial property for sale in Frankfort are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Frankfort is $32.13 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Frankfort can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Frankfort, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $45.33 per square foot.

The average size of a commercial property in Frankfort depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Frankfort, the average size of an office property is 36,707 square feet.
Retail properties here incorporate an average of 27,342 square feet.
Industrial space in Frankfort is in buildings that are, on average 1,200,000 square feet in size.

Frankfort, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Frankfort currently add up to 1,377,113 square feet. The market offers 5 active office listing(s), which amount to 26,218 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 86,834 square feet across 4 retail space(s). Industrial space for rent opportunities in Frankfort amount to 1,262,300 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	5	26,218
Retail	4	86,834
Industrial	1	1,262,300
Other	1	1,761

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Frankfort, IL. Currently, there is 31,216 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	2	31,212
Other	5	4

Frankfort, IL Commercial Real Estate for Lease and Sale

20901 South La Grange Road

Fairway Lakes Estates

10211 W Lincoln Hwy

20635 Abbey Woods Court North

77+/- Acres - Residential/Commercial - Frankfort

Build to Suit Office Units from +/- 1,200 to 6,750 SF | Brighton Corporate Office Park II

222 Colorado Ave

Brookside Commons

US 45 & Laraway

20400 S LaGrange Road

Signalized Hard Corner Development Opportunity

Frankfort Crossing

IL, Frankfort - Lincoln Highway

10043 Lincoln Highway

Tinley Park Business Center

Route 30 & Harlem Avenue

20551 LaGrange Road

Former Butera Market

3.93 Acre Industrial Site

20550 S. Lagrange Rd

21000 S Frankfort Square Rd

Prairie Crossings Shopping Center

Frequently Asked Questions

Frankfort, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Frankfort, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Frankfort, IL?

What factors affect the price of commercial real estate in Frankfort, IL?

What is the average rent for commercial space in Frankfort, IL?

What are the best areas for commercial real estate in Frankfort, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Frankfort, IL?

Frankfort, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Retail Searches

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About us