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20551 S La Grange Rd
2,993 SF of Retail Space Available in Frankfort, IL 60423
Highlights
- 1/2 Mile from Lincoln Way East High School
- Excellent Traffic Counts on LaGrange Rd of Over 33,000 VPD
- Great Visibility Located on LaGrange Road and Ample Parking
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,993 SF | Negotiable | £28.05 /SF/PA £2.34 /SF/MO £83,961 /PA £6,997 /MO | Triple Net |
1st Floor
2,993 SF Freestanding Restaurant w/Drive Thru for lease in Frankfort, IL. This current Dunkin Donuts/Baskin Robins property has Great visibility located right on Lagrange Rd and ample parking. Excellent traffic counts of over 33,000 VPD. Kitchen Equipment stays with the property including Hood. Only 1/2 Mile from Lincoln Way East High School. Excellent opportunity to get a turnkey restaurant in one of the nations fastest growing suburbs!
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Kitchen
- Ample parking
- Great visibility located right on Lagrange Rd
- Excellent traffic counts of over 33,000 VPD
- Kitchen Equipment stays with the property includin
- Frankfort voted #1 Place to Live in Will County
- 1/2 Mile from Lincoln Way East High School
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 20551 S La Grange Rd , Frankfort, IL 60423
| Property Type | Retail | Total Land Area | 0.61 AC |
| Property Subtype | Freestanding | Year Built | 1999 |
| Gross Internal Area | 2,993 SF | Parking Ratio | 9.69/1,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Internal Area | 2,993 SF |
| Total Land Area | 0.61 AC |
| Year Built | 1999 |
| Parking Ratio | 9.69/1,000 SF |
About the Property
Frankfort is a village in Will County and Cook County in Illinois. It is a southern suburb of Chicago, and is approximately 28 miles South of the city. As of the 2020 census, the population was 20,296. Frankfort’s historic downtown area contains the Frankfort Grainery, Breidert Green, and a portion of the Old Plank Road Trail, a 22 mile-long paved recreation trail.The village also contains Commissioners Park and multiple schools, including Lincoln-Way East High School, Hickory Creek Middle School, and Dr. Julian Rogus School. Recently ranked 36th in the nation's fastest-growing suburbs by Forbes Magazine, Frankfort is thriving. Known as the "Jewel of the South Suburbs." Frankfort has been recognized with the Southland's Reader's Choice award for "Best Community. Experiencing rapid growth, attracting new residents, and commercial and industrial businesses, Frankfort is a premier community with award-winning schools and exceptional residential, commercial, and industrial development. In 2024 Frankfort was #1 in Best Places to Live in Will County by Niche. In 2016 Frankfort was named one of the top ten communities for Illinois families and voted among the top 12 safest communities in Illinois.
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20551 S La Grange Rd
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