305 Lincoln Hwy, Franklin Grove, IL 61031
Retail property with limited competition and new construction.
- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 1:54 pm
Property Features for 305 Lincoln Hwy
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing office The Boulder Group (847) 562-0003
Listing date Mar 2, 2026
Source Crexi
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 The Boulder Group
HighLights
- 6.65% Cap Rate
- New Build
- Year Built: 2026
- Limited Comp.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.5k | $18.00 |
| − Vacancy | −$5.0k | −$0.47 |
| EGI | $186.5k | $17.53 |
| − OpEx | −$56.0k | −$5.26 |
| NOI | $130.6k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Franklin Grove
- County
- Lee
- State
- Illinois
- Longitude
- -89.2962629
- Latitude
- 41.8449436
