Frankfort Medical Office Building For
For Sale
Contact for pricing
10043 W Lincoln Hwy, Frankfort, IL 60423
Three-story medical office building with national tenant and available space.
Property Size24,125 SF
Price / SF$118.13
Days on Market699
Property Features for 10043 W Lincoln Hwy
General Information
Standard status
Active
Size
24,125 SF
Property subtype
Office
Zoning
C-5
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1993
Stories
3
Listing Agency:
Olivieri Real Estate LLC
Listed By:
Jackie Montvidas · License #IL 705768
Source:
Crexi
Added: Sep 26, 2024
Changed: Aug 25
Last Checked: Aug 24 at 9:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Olivieri Real Estate LLC
Investment Insights
Based on property information with market context.
This medical office building is located off Route 30, west of LaGrange Road in Frankfort, among established medical facilities, with accessibility to I-80 and I-57. The building has three levels and a total of 24,125 square feet. The entire first floor, comprising 8,782 square feet, is occupied by a national tenant with over five years remaining on their lease. The second floor has between 3,395 and 6,790 square feet available, and the lower level has 8,782 square feet available. Recent improvements include a new roof in 2021, a new parking lot in 2022, and new HVAC units in 2023. The property offers parking and signage availability. Rental rates are between $18 and $26 per square foot on a modified gross lease.
Key Highlights
- Prime location off Rt. 30, west of LaGrange Road in Frankfort, with high visibility and easy access to I‑80 and I‑57.
- Strong national tenant occupies the entire 1st floor (8,782 SF) with 5+ years remaining on their lease.
- Significant recent improvements: New Roof (2021), New Parking Lot (2022), and New HVAC units (2023).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60423, IL
32,784
Population
11,494
Households
2.9
Avg Household Size
42
Median Age
48%
College-Educated
97%
High-School Grad
37.9 sq mi
ZIP Area
865
Density / Sq Mi
$137,651
Median Household Income
$63,686
Median Earnings
$1,455
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-story medical office building with national tenant and available space.
Where is this medical office space located?
The property is located at 10043 W Lincoln Hwy Frankfort, IL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Prime location off Rt. 30, west of LaGrange Road in Frankfort, with high visibility and easy access to I‑80 and I‑57.; Strong national tenant occupies the entire 1st floor (8,782 SF) with 5+ years remaining on their lease.; Significant recent improvements: **New Roof (2021), New Parking Lot (2022), and New HVAC units (2023).**
