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Highlights

  • 4,800 SF turn-key medical/wellness building completed in 2024
  • Free-standing property features a sophisticated build-out ideal for medical, dental, or aesthetic practices

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 4,800 SF
  • 5 Years
  • $47.84 CAD/SF/YR $3.99 CAD/SF/MO $229,646 CAD/YR $19,137 CAD/MO
  • Triple Net (NNN)
Space Use
Retail
Build-Out
Full Build-Out
Availability
30 Days
  • Lease rate does not include utilities, property expenses or building services
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Wi-Fi Connectivity
  • Security System
  • Closed Circuit Television Monitoring (CCTV)
  • Secure Storage
  • Recessed Lighting
  • Shower Facilities
  • Smoke Detector
  • Wheelchair Accessible
Space Size Term Rental Rate Rent Type
1st Floor 4,800 SF 5 Years $47.84 CAD/SF/YR $3.99 CAD/SF/MO $229,646 CAD/YR $19,137 CAD/MO Triple Net (NNN)

1st Floor

Size
4,800 SF
Term
5 Years
Rental Rate
$47.84 CAD/SF/YR $3.99 CAD/SF/MO $229,646 CAD/YR $19,137 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Retail
Build-Out
Full Build-Out
Availability
30 Days

  • Lease rate does not include utilities, property expenses or building services
  • Space is in Excellent Condition
  • Central Air and Heating
  • Private Restrooms
  • Wi-Fi Connectivity
  • Security System
  • Closed Circuit Television Monitoring (CCTV)
  • Secure Storage
  • Recessed Lighting
  • Shower Facilities
  • Smoke Detector
  • Wheelchair Accessible

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 broker 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

Total Space Available 4,800 SF
Property Type Retail
Property Subtype Storefront Retail/Office
Gross Leasable Area 4,800 SF
Year Built 2024

About the Property

Exceptional opportunity to lease a 4,800 SF turn-key medical/wellness building completed in 2024. Currently operating as a premier med-spa, this free-standing property features a sophisticated build-out ideal for medical, dental, or aesthetic practices. Property Highlights: Move-In Ready: Modern 1-story layout with specialized zones for clinical and wellness services. Located near the Wolf Rd & Laraway Rd intersection in Frankfort. OM available upon request. High-End Infrastructure: Equipped with 120V/220V power, central air, and a versatile heating system including forced air, gas, and steam. Safety & Standards: Fully sprinklered facility with B2 Commercial zoning. Patient Amenities: Includes luxury locker rooms, showers, and a professional reception area. Parking & Access: Expansive lot with 24 parking spaces and high-visibility frontage on Laraway Rd. Property & Location Highlights Prime New Construction: A modern, free-standing commercial building completed in 2024, offering a fresh and professional aesthetic for a new tenant. Spacious Medical/Dental Layout: Features 4,800 square feet of leasable space, currently optimized for medical or dental use. High-Visibility Location: Situated in Frankfort, IL (Will County) with excellent frontage on a county road and easy access via Laraway Rd and Wolf Rd. Ample Parking: Includes a large private parking lot with 24 outdoor spaces, ensuring easy access for high-volume client or patient traffic. Ready for Immediate Use: Equipped with central air conditioning, multi-source heating (forced air, gas, and steam), 220V power, and a full fire sprinkler system. Specialized Wellness & Safety Features (SaunaGuard Integration) Advanced Hygiene Standards: The facility is ideal for health-conscious businesses, with potential integration of SaunaGuard protective liners to maintain the highest levels of sanitation in wellness areas. Eco-Friendly Wellness Environment: Highlights a commitment to sustainability by utilizing SaunaGuard’s biodegradable and recyclable hygiene solutions. Enhanced Client Comfort: Provides a premium, moisture-wicking experience for guests, ensuring that wellness amenities remain dry, clean, and professional. Financial & Lease Details Flexible Lease Terms: Offered as a Net Lease at $35 per square foot per year. Zoning: Zoned B2 (Commercial), allowing for a variety of business subtypes including retail, medical, or professional office space. Tenant Responsibility: Low-maintenance opportunity for the landlord, with the tenant responsible for electric, heat, scavenger, and water/sewer.

  • 24 Hour Access
  • Security System
  • Signage
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning
  • Smoke Detector
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
  • Listing ID: 40250948

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 11240 W Laraway Rd, Frankfort, IL 60423

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