Frankfort, IL
Commercial Real Estate Market Trends & Data

$580 Avg asking sale price
$20 Avg asking lease rate
24,492 SF Avg unit lease size
14,171 SF Avg building size for sale
6.75% Average cap rate

Frankfort's Demographic Profile

Frankfort has 7,284 households and a median income of $138,630, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 22,011
# Households 7,284
Median age 44
Median household income $138,630
Avg household size 3.0
Renter-occupied housing units 459
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Frankfort, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Frankfort $228 9,231 SF 7.50%
Mokena $191 24,124 SF 10.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Frankfort $1,870 2,655 SF
Monee $818 2,540 SF
Richton Park $96 3,345 SF
Mokena $1,009 20,005 SF
Matteson $252 29,204 SF

Commercial Properties For Sale in Frankfort

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

219 White St

Frankfort, IL 60423

  • 8,410 SF Office Building
  • $1,850,000
For Sale

Lot 8 Laraway Rd

New Lenox, IL 60451

  • 4.50 AC Lot
  • 1 Commercial Lot
  • $925,000
For Sale

10043 Lincoln Hwy

Frankfort, IL 60423

  • 24,125 SF Office Building
  • $2,850,000
For Sale

Vans Dr. & US 45 | ±10 AC Land Zoned I-2

Frankfort, IL 60423

  • 10 AC Lot
  • 1 Commercial Lot
  • $875,000
For Sale

20635 Abbey Woods Ct N

Frankfort, IL 60423

  • 43,200 SF Office Building
  • $585,000
For Sale

10331-10335 W Lincoln Hwy

Frankfort, IL 60423

  • 3,300 SF Office Building
  • $385,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Frankfort pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Frankfort $580 14,171 SF
Monee $532 5,014 SF
Richton Park $114 256,315 SF
Mokena $405 32,575 SF
Matteson $187 42,565 SF

Regional Demographic Comparison

This comparison places Frankfort alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Frankfort or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Frankfort 22,011 7,284 44 $138,630 3 459 2%
Monee 5,111 1,988 43 $82,301 3 319 -1%
Richton Park 12,890 5,032 41 $67,018 3 2,282 -2%
Mokena 19,322 6,951 44 $116,381 3 803 -1%
Matteson 18,701 6,812 44 $87,539 3 1,584 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Frankfort, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Frankfort

View All Commercial Real Estate For Sale in Frankfort
Is Frankfort a good market for a first-time commercial real estate investor?

Frankfort offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Frankfort?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Frankfort. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Frankfort?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Frankfort. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Frankfort compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Frankfort. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Frankfort acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Frankfort, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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