Double-Unit Endcap Office
1 Old Frankfort Way Frankfort, IL 60423
For Sale
Under Contract
$839,000
COMMERCIAL - Frankfort, IL
Property Size2,700 SF
Lot Size0.41 Acres
Price / SF$310.74
Days on Market239
Property Features for 1 Old Frankfort Way
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Active Under Contract
APN
1909214110281007
Size
2,700 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9789
Utilities
Cooling system
Zoned, Central Air
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Building materials
Brick
Listing Agency:
Morandi Properties, Inc
(708) 516-6666
Listed By:
Raymond Morandi · License #471003188
(708) 516-6666
Added: Dec 2, 2025
Changed: Jun 28
Last Checked: Jul 29 at 3:06PM
MLS# 12526363
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office suite is configured as a double-unit endcap with entrances both at the front and in the rear, providing four total access points. The interior buildout includes two bathrooms, a reception area, a conference room, a kitchenette, and six offices, offering a flexible layout for professional teams and client-facing operations. The property also features a courtyard and ample parking to support day-to-day convenience.
Located in the historic downtown area of Frankfort, Illinois, the endcap placement is designed for prominent street-level presence in a high-activity setting. The layout is supported by both front and rear circulation, which can be helpful for managing visitor flow and day-to-day operations.
For tenants, buyers, or operators looking for a ready-to-use office arrangement, the combination of reception, conference space, multiple private offices, and two restrooms supports a range of business needs. The endcap configuration and dual-front/dual-rear access may also be practical for organizations that want to balance central operations with additional private workspace on the same footprint.
Located in the historic downtown area of Frankfort, Illinois, the endcap placement is designed for prominent street-level presence in a high-activity setting. The layout is supported by both front and rear circulation, which can be helpful for managing visitor flow and day-to-day operations.
For tenants, buyers, or operators looking for a ready-to-use office arrangement, the combination of reception, conference space, multiple private offices, and two restrooms supports a range of business needs. The endcap configuration and dual-front/dual-rear access may also be practical for organizations that want to balance central operations with additional private workspace on the same footprint.
Key Highlights
- Prime location in the Historic District of Downtown Frankfort with high traffic and end‑cap exposure.
- Large double unit spanning nearly 2,700 Sq Ft with high‑end finishes.
- Versatile space suitable for operating a business, renting office suites, or investment purposes.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $22.56 |
| − Vacancy | −$17.7k | −$6.54 |
| EGI | $43.2k | $16.02 |
| − OpEx | −$10.8k | −$4.00 |
| NOI | $32.4k | $12.01 |
2,700 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$463.4K
$405.5K – $540.6K
NOI $32,436 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.4K
$535.8K – $714.4K
NOI $42,865 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-front-and-rear access endcap office buildout with multiple offices, conference room, and kitchenette.
Where is this office units located?
The property is located at 1 Old Frankfort Way Frankfort, IL.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Prime location in the Historic District of Downtown Frankfort with high traffic and end‑cap exposure.; Large double unit spanning nearly 2,700 Sq Ft with high‑end finishes.; Versatile space suitable for operating a business, renting office suites, or investment purposes.
