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10850 W Laraway Rd
Frankfort, IL 60423
Heritage Plaza, Frankfort Illinois · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 47,000+/- sq. ft. space currently being utilized as a sports arena and just over 11,000 sq. ft. is being utilized for store front rentals.
  • There are also just over 200 lighted parking spaces within the asphalt paved lot, plenty of additional area for expansion of the current building or t
  • Ceiling height of arena is 33 ft. tall

PROPERTY FACTS

Property Type
Retail
Building Size
57,934 SF
Building Class
B
Year Built
1994
Building Height
1 Story
Building FAR
0.09
Lot Size
14.60 AC
Zoning
B2 - Entire 14.6 acres is zoned B2
Parking
194 Spaces (3.35 Spaces per 1,000 SF Leased)

AMENITIES

  • Food Court
  • Air Conditioning

ABOUT 10850 W LARAWAY RD , FRANKFORT, IL 60423

Why build when you can own this amazing commercial site! An indoor Sports Complex with Mixed Use Retail spaces located in Prime Development area of Frankfort Illinois. Currently, this site includes a 60,000 sq. ft building setting upon 14.6 Acres. All Zoned B2. A great investment opportunity to any savvy business entrepreneur. The Building features 47,000+/- sq. ft. space currently being utilized as a sports arena and just over 11,000 sq. ft. is being utilized for store front rentals. Ceiling height of arena is 33 ft. tall. There are also just over 200 lighted parking spaces within the asphalt paved lot, plenty of additional area for expansion of the current building or to refurbish into an end users ultimate location for their business to thrive. Great location for clean warehousing distribution, schools, medical facility, fitness center, indoor venues of any type, and so much more. Located on Laraway Avenue and Highway 45. Village of Frankfort municipality and services located just 37 miles of Southwest of Chicago, Illinois, just three miles south of I-80, and 6 miles West of I-57. O-hare and Midway airport are a close commute from this location. This building was built in 1994 and has unlimited possibilities for continuing as a entertaining or recreational location due to the proximity of the large growing population. Nearby public transportation includes the commuter rail, located in Mokena and/or New Lenox. Certainly a great area to put your upcoming business or to construct a new one. Plenty of land. Please do not disturb the tenants. See village of Frankfort for all permits.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-09-29-300-011
Land Assessment
$208,848
Improvements Assessment
$561,960
Total Assessment
$770,808
  • Listing ID: 26271096

  • Date on Market: 7/27/2022

  • Last Updated:

  • Address: 10850 W Laraway Rd, Frankfort, IL 60423

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