Two-Story Office Building with Basement

9999 W Lincoln Highway, Frankfort, IL 60423

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For Sale

$1,200,000

Two-story office building with finished basement and flexible layout.

Type:Commercial/Industrial

Property size:

8,400 SF

Price / SF:

$142/SF

HighLights

Two‑story building with a separate entrance for the second floor, allowing for potential rental income.
Finished basement with offices, kitchen, conference room, computer room, and storage, offering additional workspace.
First floor features a reception area, 6 private offices, a large open area with workstations, a conference room, a copy room, 2 bathrooms, and an elevator.
The second floor includes 3 private offices, a large open area with workstations, and a bathroom.
The basement has room to convert a large storage area into additional workspaces.
Built in 2007.

We can help!

Listing Contact

Stephen Harris

For Sale

$1,200,000

Two-story office building with finished basement and flexible layout.

Type:Commercial/Industrial

Property size:

8,400 SF

Price / SF:

$142/SF

Added:: Apr 19, 2024
Days on Market:: 795
Last Refresh:: May 20 at 1:42 am

Property Features for 9999 W Lincoln Highway

General Information

Standard status: Active
Size: 8,400 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 2007

We can help!

Listing Contact

Stephen Harris

Listing agent Stephen Harris License #475099011

Listing office RE/MAX 1st Service

Listing date Apr 19, 2024

Source Exitrealty

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 RE/MAX 1st Service

HighLights

Two‑story building with a separate entrance for the second floor, allowing for potential rental income.
Finished basement with offices, kitchen, conference room, computer room, and storage, offering additional workspace.
First floor features a reception area, 6 private offices, a large open area with workstations, a conference room, a copy room, 2 bathrooms, and an elevator.
The second floor includes 3 private offices, a large open area with workstations, and a bathroom.
The basement has room to convert a large storage area into additional workspaces.
Built in 2007.

Overview

This two-story office building features finished spaces on both floors and a mostly finished full basement. The first floor includes a reception/waiting area, six private offices, a large open area with workstations, a conference room, a copy room, two bathrooms, and an elevator. The second story, accessible via a separate entrance, contains three private offices, a large open area with workstations, and a bathroom, offering the potential for separate rental. The full basement is mostly finished and includes three private offices, a kitchen, a conference room, a computer room, and ample storage space. There is also an area in the basement that could be converted from storage to additional workspace. The property has a total size of 8400 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$189.5k	$22.56
− Vacancy	−$55.0k	−$6.54
EGI	$134.5k	$16.02
− OpEx	−$33.6k	−$4.00
NOI	$100.9k	$12.01

8,400 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,911 @ 7.0% cap · market cap 8.41%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.91M

$1.67M – $2.22M (±1% cap)

NOI $133,358 @ 7.0% cap · market cap 11.11%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Frankfort
County: Will
State: Illinois
Longitude: -87.8598
Latitude: 41.5057

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For sale
Office buildings
IL
Frankfort
60423
9999 W Lincoln Highway

What type of property is this?

Office building - Two-story office building with finished basement and flexible layout.

Where is this office building located?

The property is located at 9999 W Lincoln Highway Frankfort, IL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Two‑story building with a separate entrance for the second floor, allowing for potential rental income.; Finished basement with offices, kitchen, conference room, computer room, and storage, offering additional workspace.; First floor features a reception area, 6 private offices, a large open area with workstations, a conference room, a copy room, 2 bathrooms, and an elevator.

9999 W Lincoln Highway, Frankfort, IL 60423

Two-story office building with finished basement and flexible layout.

Property Features for 9999 W Lincoln Highway

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Medical & Wellness Building

Downtown Frankfort Commercial End Cap

Frankfort Medical Office Building For Sale

Frankfort Commercial Property for Sale

Two-Story Office Building with Basement

Free Standing Manufacturing Property

Frankfort Triplex Investment Opportunity

Office

Professional Office Condo For Sale

Grocery Anchored Retail Center

Frankfort Retail Investment Opportunity

Frankfort Medical Office Building For Sale

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