Building Details

Year Built 1965

Buildings 1

Abandoned No

Listing Agency: Re/Max Premier

Listed By: Jennifer Fay · License #475134040 Show Phone

Source: Grandviewrealtyservices

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 7 at 3:33PM

Report an Issue

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 Premier

Investment Insights

Based on property information with market context.

This 8,840-square-foot storefront property was built in 1965 and is fully occupied. The building has received updates throughout and is described as well maintained, with the roof replaced in 2014 and 2015. Ample parking supports the existing commercial use.

The property at 21016 S 80th Ave is visible from Lincoln Hwy and 80th Ave in Frankfort, Illinois. An adjacent 0.7-acre lot is included in the sale, providing additional land with the building.

Key Highlights

• 8,840‑square‑foot storefront property built in 1965
• Fully occupied building with updates throughout
• Roof replaced in 2014 and 2015

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,538

Cap Rate

7.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,670,760 $1.7M

Cap Rate 7%

$1,193,400 $1.2M

Cap Rate 9%

$928,200 $928.2K

Market Conditions

NOI Build-Up for 8,840 SF

Gross rent

$132.6K $15.00/SF

− Vacancy

−$13.3K −$1.50/SF

EGI

$119.3K $13.50/SF

− OpEx

−$35.8K −$4.05/SF

NOI

$83.5K $9.45/SF

Area

Will County, IL

Vacancy

10.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,670,760

Cap Rate 7%

$1,193,400

Cap Rate 9%

$928,200

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,538 @ 7.0% cap · market cap 7.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.00M

$1.75M – $2.34M (±1% cap)

NOI $140,344 @ 7.0% cap · market cap 12.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storm Consulting Group ... Business Management Consultant CNGmotive Distribution Center Lawrence W. Tarnowski ... Counselor Partners In Treatment Cnclng Counselor R W Counseling ... Financial Advisor

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Auto Repair Shop Law Firm Auto Parts Store Spa & Massage Center

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

100%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

325

Businesses Nearby

16k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

10,301 visits/mo 0.3 miles

Circle K Shops & Services

3,232 visits/mo 0.3 miles

Valvoline Instant Oil Change Shops & Services

2,212 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Office Building with Separate Upper-Level Entrance

9999 W Lincoln Hwy, Frankfort, IL 60423

$1,200,000

7,500 SF

View details

Nightclub and Bar with Outdoor Patio

7905 W Lincoln Hwy, Frankfort, IL 60423

$1,500,000

6,700 SF

View details

Frankfort Restaurant with Unique Features

10211 W Lincoln Hwy, Frankfort, IL 60423

Contact for pricing

8,000 SF

View details

Freestanding Spa & Wellness Building

11240 W Laraway Rd, Frankfort, IL 60423

$3,950,000

4,800 SF

View details

Frankfort Medical Office Building For Sale

10043 Lincoln Hwy, Frankfort, IL 60423

$2,850,000

24,125 SF

View details

Professional Office Condo For Sale

10331 W Lincoln Hwy, Frankfort, IL 60423

$385,000

3,132 SF

View details

Frankfort Triplex Investment Opportunity

20224 S Frankfort Square Rd, Frankfort, IL 60423

Contact for pricing

2,625 SF

View details

Office

20635 Abbey Woods Ct, Frankfort, IL 60423

Contact for pricing

2,575 SF

View details

Development Site with Interstate Access

300 E. Laraway Road, Frankfort, IL 60423

$799,000

3.93 Acres

View details

Updated Specialty Property

22651 S Foxfire Dr, Frankfort, IL 60423

$125,000

View details

Grocery Anchored Retail Center

21164 S La Grange Road |, Frankfort, IL 60423

Contact for pricing

View details

Similar Off Market Nearby

• Patties Floral Express — 8131 Brickstone Dr, Frankfort, IL 60423

Frequently Asked Questions

What type of property is this?

Storefront property - Updated commercial building with ample parking and an adjacent parcel included in the sale.

Where is this storefront property located?

The property is located at 21016 S 80th Ave Frankfort, IL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 8,840‑square‑foot storefront property built in 1965; Fully occupied building with updates throughout; Roof replaced in 2014 and 2015