Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    11055 W Lincoln Hwy Frankfort, IL 60423

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Premier power center with national retailers in growing southwest suburbs.

    Property size:
    35,216 SF
    Lot size:
    25.66 Acres

    Property Features for 11055 W Lincoln Hwy

    General Information

    Size
    35,216 SF
    Lot size
    25.66 Acres

    We can help!

    Listing Contact
    Liz Krebs
    Source: Moodyscre

    Listing Agent: Liz Krebs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Frankfort, Illinois

    This retail space is located in a premier power center along Lincoln Highway in the rapidly growing southwestern suburbs, serving the communities of New Lenox, Mokena, and Frankfort, Illinois. The property features a strong lineup of national retailers, including Kohl’s, Bed Bath & Beyond, Famous Footwear, Office Depot, Panera, and Chipotle. The location draws from an affluent population with average household incomes of $131,000 within a 3-mile radius. The property size is 35,216 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kohl's Department Store SEPHORA at Kohl's Cosmetics Store Volta Charging Station Electric Vehicle Charging Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.885384
    Latitude
    41.5009361

    Nearby Similar for Lease

    • Contact for pricing

      Frankfort Office Space For Rent

      2,100 SF office space in brick building, Frankfort, IL.
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Second-floor office suite with private offices, break room, open space.
      9324 Gulfstream Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Frankfort Office Suite For Rent

      2,100 SF office suite in well-maintained building, Route 30.
      20960 S Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • $6 SF/Yr
      6,033 SF

      Frankfort Office Space Available

      Flexible Offices, Coworking & More
      7777 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $16 SF/Yr
      30,521 SF

      Class A Office Building Frankfort

      Class A office space available in Frankfort, Illinois.
      20624 Abbey Woods Ct, Frankfort, IL 60423
      View Details
    • $35 SF/Yr
      8,000 SF

      Frankfort Retail Space For Lease

      Prime Frankfort restaurant, 6,800 SF
      10211 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $16 SF/Yr
      30,521 SF

      Frankfort Office Space Available

      Class A office suites, build-to-suit options.
      20624 Abbey Woods Ct, Frankfort, IL 60423
      View Details
    • $20 SF/Yr
      27,048 SF

      Frankfort Plaza Retail Center

      Neighborhood center with 2 spaces available
      31 Bankview Dr, Frankfort, IL 60423
      View Details
    • $168 SF/Yr
      24,000 SF

      Frankfort Office Space Available

      Prime Frankfort location, multiple suites available.
      20550 La Grange Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,671 SF

      Retail Space in Frankfort, IL

      Grocery-anchored retail space in a high-growth Chicago suburb.
      21124-21230 S La Grange Rd, Frankfort, IL 60423
      View Details
    • $14 SF/Yr
      2,100 SF

      Victory Campus Office Suite B

      2100 sq ft Office - Immediate Occupancy
      20960 Frankfort Square Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Frankfort, Illinois

      Retail space available in a premier power center.
      11043 W Lincoln Hwy, Frankfort, IL 60423
      View Details

    FAQs

    What type of property is this?
    Strip mall - Premier power center with national retailers in growing southwest suburbs.
    Where is this strip mall located?
    The property is located at 11055 W Lincoln Hwy Frankfort, IL.
    What are key features of this property?
    This property features: - Located in a premier power center on Lincoln Highway in the rapidly growing southwestern suburbs.; - Features a strong national retailer lineup including Kohl’s, Bed Bath & Beyond, Famous Footwear, and Office Depot.; - Benefits from an affluent population with average household incomes of $131,000 within a 3-mile radius.
    (630) 954-7300
    Request Owner's contact information
    11055 W Lincoln Hwy Frankfort, IL 60423
    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.
    11055 W Lincoln Hwy
    Frankfort, IL 60423
    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
    11055 W Lincoln Hwy Frankfort, IL 60423
    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

    We can help!
    Listing Contact
    Liz Krebs
    (630) 954-7300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.