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End-Unit Office Condo with Full Basement
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10331 W LINCOLN HWY, Frankfort, IL 60423

Built-out main level offices plus a full basement with storage, shower bath, and open area for expansion.

Space Size1,566 SF
Days on Market132

Property Features for 10331 W LINCOLN HWY

General Information

Standard status Active
Size 1,566 SF
Property subtype Office
Lease Type Modified Gross

Site & Location

Highway Access Yes
Road Access Yes

Amenities

reception area
private offices
executive office with private bathroom
open work area
conference room
kitchen
storage
shared bathroom
natural light

Building Details

Building Size 1,566 SF
Year Built 2003
Tenancy Single

Spaces For Lease

at 10331 W LINCOLN HWY Contact us

Space 1

Size
1,566 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Olivieri Real Estate LLC
Listed By: Jackie Montvidas · License #IL 705768
Source: Crexi
Added: Apr 27 Changed: Aug 8 Last Checked: Sep 3 at 8:56AM

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 end-unit office condo offers a main-level, built-out suite designed for professional use. The space includes a welcoming reception area, three private offices, an executive office with a private bathroom, an open work area, a conference room, a kitchen, and plenty of storage. A shared bathroom is conveniently located off the main hallway. A full basement provides extensive storage, a full bathroom with shower, and a large open area that could support future expansion.

The unit features numerous windows for natural light. Recent updates include HVAC (2025), roof (2022), hot water tank (2019), and a water softener in-unit.

Located at 10331 W Lincoln Hwy in Frankfort, IL 60423, the property provides stoplight access on Route 30 (Lincoln Highway) and ample parking for tenants and visitors.

Key Highlights

  • Built‑out 1,566 SF main‑level office condo with reception, three private offices, executive office with private bathroom, conference room, and kitchen
  • End‑unit layout with bright interior and numerous windows providing natural light throughout the main level offices
  • Full 1,566 SF basement includes extensive storage, a full bathroom with shower, and a large open area with potential for future expansion

Property Analytics

Current Use

Bricks 4 Kidz® ... High School

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pharmacy Building Supply Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$44.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

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

Lease Benchmarks for Frankfort, IL

$14.41 /SF/Yr
Avg Asking Price
$11–$18.9 /SF/Yr
Price Range
2,213 SF
Avg Space Size

This space is priced 1940% above the average of $14.41 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Built-out main level offices plus a full basement with storage, shower bath, and open area for expansion.
Where is this office units located?
The property is located at 10331 W LINCOLN HWY Frankfort, IL.
What is the lease rate?
The lease rate is $294 SF/Yr.
What are key features of this property?
This property features: Built‑out 1,566 SF main‑level office condo with reception, three private offices, executive office with private bathroom, conference room, and kitchen; End‑unit layout with bright interior and numerous windows providing natural light throughout the main level offices; Full 1,566 SF basement includes extensive storage, a full bathroom with shower, and a large open area with potential for future expansion
More about this property
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