Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7825 W Lincoln Highway Frankfort, IL 60423

    View on Map
    For Sale
    $520,000

    COMMERCIAL - Frankfort, IL

    Type:Retail
    Lot size:
    0.84 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    171
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 7825 W Lincoln Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    1909243010040000
    Lot size
    0.84 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    8556

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Noemi Ochoa

    Listing agent Noemi Ochoa License #475204596

    Listing office Luna Realty Group 6426 Cermak Rd., Berwyn, IL

    Listing date Oct 13, 2025

    MLS# 12494417

    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.

    Overview

    Commercial Lot on Lincoln Highway

    This commercial lot is situated on Lincoln Highway in Frankfort, Illinois, within an expanding business area. The property, totaling 0.8396 acres, is suitable for investors or builders and presents an opportunity for retail, restaurant, or multi-unit commercial development. It benefits from high traffic counts and ease of access. The location provides proximity to downtown Frankfort, I-80, and La Grange Road. The property offers significant frontage and development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pores of Color Tattoos ... Tattoo & Piercing Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8057645
    Latitude
    41.5061961

    Nearby Similar for Sale

    • $839,000

      Downtown Frankfort Commercial End Cap

      Commercial space in historic district with high-end finishes.
      1 Old Frankfort Way unit: 1-5, Frankfort, IL 60423
      View Details
    • $245,000

      Modern Office Condo in Frankfort

      Well-maintained office condo with convenient access and functional layout.
      19558 S Harlem Avenue unit: 5, Frankfort, IL 60423
      View Details
    • $579,900

      Vacant Land in Frankfort, IL

      2.14 acres of commercial land ready for development.
      Laraway Road lot: 2, Frankfort, IL 60423
      View Details
    • $50,000

      Residential Lot in Frankfort, IL

      0.78 acre residential lot in the heart of Frankfort.
      W Lincoln Highway lot: 230, Frankfort, IL 60423
      View Details
    • $1,100,000

      Commercial Building with Adjacent Lot

      Fully occupied commercial building with updates and adjacent lot.
      21016 S 80th Avenue, Frankfort, IL 60423
      View Details
    • $69,900

      Land Near Green Garden Club

      Nearly one-acre lot ready for building near Green Garden.
      26037 Golfview Court, Frankfort, IL 60423
      View Details
    • $90,000

      Residential Land in Frankfort, Illinois

      3.4 acre wooded residential parcel in unincorporated Frankfort.
      S River Road lot: 223, Frankfort, IL 60423
      View Details
    • $500,000

      Frankfort Land For Sale

      4.1 acre commercial land available in Frankfort, Illinois.
      10850 W Laraway Road, Frankfort, IL 60423
      View Details
    • $1,200,000

      Two-Story Office Building in Frankfort

      Two-story office building with finished basement in Presidents Row.
      9999 W Lincoln Highway, Frankfort, IL 60423
      View Details
    • $385,000
      1,566 SF

      Professional Office Condo For Sale

      Professional office condo with build-out potential in Frankfort, Illinois.
      10331 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $850,000
      3 SF

      Frankfort Land For Sale

      3 acres of land suitable for various commercial uses.
      W. Laraway Rd., Frankfort, IL 60423
      View Details
    • $2,650,000
      22,052 SF

      Free Standing Manufacturing Property

      Manufacturing property with extra land, excellent condition, close to highways.
      9325 Corsair Road, Frankfort, IL 60423
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial lot in Frankfort's expanding business area.
    Where is this commercial land located?
    The property is located at 7825 W Lincoln Highway Frankfort, IL.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: Highly visible commercial lot on Lincoln Highway.; Excellent opportunity for investors or builders.; Ideal for retail, restaurant, or multi‑unit commercial development.
    (708) 268-3349
    We can help!
    Listing Contact
    Noemi Ochoa
    Real Estate License ID: 475204596
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!