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    10043 Lincoln Hwy Frankfort, IL 60423

    Sponsored
    For Sale
    $3,550,000

    Prime location, high visibility, excellent lease potential.

    Property size:
    24,125 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-story medical office building, totaling 24,125 square feet, presents a unique investment opportunity in Frankfort, Illinois. Strategically located just off Route 30, west of LaGrange Road, this property enjoys high visibility and convenient access to major interstates I-80 and I-57. Its prime location is further enhanced by its proximity to other established medical facilities. The building boasts significant recent improvements, including a new roof (2021), a new parking lot (2022), and new HVAC units (2023). The first floor, encompassing 8,782 square feet, is currently leased to a reputable national tenant under a lease with over five years remaining. The second floor offers flexible space ranging from 3,395 to 6,790 square feet, and the lower level provides an additional 8,782 square feet, all available for lease. Rental rates are competitive, ranging from $18 to $26 per square foot, modified gross. Ample parking and excellent signage opportunities are also key features. This property offers a compelling combination of strong existing tenancy, significant recent upgrades, and a highly desirable location, making it an ideal investment for discerning buyers seeking a stable and growing medical office portfolio. The 1.64-acre lot provides ample space for expansion or future development.

    Property Features for 10043 Lincoln Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,125 SF
    Lot Size
    71,438 SF

    Building Details

    Year Built
    1993
    Property Profile Location Intelligence

    Current Use by Public Records

    Meyer Medical Physicians ... Medical Clinic Wellgroup Health Partners Doctor Meyer Medical Physicians ... Doctor Russell Joseph W ... Doctor Heyburn Robert N ... Obstetrician-Gynecologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.86075
    Latitude
    41.50554

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, high visibility, excellent lease potential.
    Where is this office property / space located?
    The property is located at 10043 Lincoln Hwy Frankfort, IL.
    What is the asking price?
    The asking price for this property is $3,550,000.
    (708) 719-3444
    Request Owner's contact information
    10043 Lincoln Hwy Frankfort, IL 60423
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    Frankfort, IL 60423
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    Realmo Value Estimation

    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.

    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.

    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
    10043 Lincoln Hwy Frankfort, IL 60423
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