Nightclub and Bar with Outdoor
For Sale
$1,500,000
7905 W Lincoln Hwy, Frankfort, IL 60423
C2-zoned entertainment property with gaming licenses, liquor licenses, parking, and a flexible layout for multiple business concepts.
Property Size6,700 SF
Price / SF$223.88
Days on Market51
Property Features for 7905 W Lincoln Hwy
General Information
Standard status
Active
Size
6,700 SF
Total Parking Spaces
60
Property subtype
Business Opportunity
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Land Use
night club
Amenities
outdoor patio/beer garden
Listing Agency:
Trelleum LLC
Listed By:
Theresa Mueller · License #471006935
(630) 715-9999
Source:
Realtopiare
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 7 at 2:24PM
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 Trelleum LLC
Investment Insights
Based on property information with market context.
This 6,700-square-foot nightclub and bar property is located at 7905 W Lincoln Hwy in Frankfort, Illinois. The interior is undergoing renovation, with completion described as nearly finished, and the layout can accommodate different entertainment or hospitality concepts. Existing equipment is included as part of the offering, along with liquor licenses and grandfathered gaming licenses.
The property sits along Route 30 and includes an outdoor patio or beer garden for additional patron space. On-site parking accommodates up to 60 cars. C2 zoning supports a range of business operations, while the lot provides room for either continued use of the existing improvements or consideration of redevelopment plans.
The property sits along Route 30 and includes an outdoor patio or beer garden for additional patron space. On-site parking accommodates up to 60 cars. C2 zoning supports a range of business operations, while the lot provides room for either continued use of the existing improvements or consideration of redevelopment plans.
Key Highlights
- 6,700‑square‑foot nightclub and bar property at 7905 W Lincoln Hwy
- Grandfathered gaming licenses and liquor licenses included
- C2 zoning supports a range of business operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,060
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,601,200
$1.6M
Cap Rate 7%
$1,143,714
$1.1M
Cap Rate 9%
$889,556
$889.6K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$114.2K $17.04/SF
− Vacancy
−$7.4K −$1.11/SF
EGI
$106.7K $15.93/SF
− OpEx
−$26.7K −$3.98/SF
NOI
$80.1K $11.95/SF
Area
Will County, IL
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,601,200
Cap Rate 7%
$1,143,714
Cap Rate 9%
$889,556
Alternative Uses
Best Use
Specialty Retail
$1.14M
$1.00M – $1.33M
NOI $80,060 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,369 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
16k
Monthly Visits Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Prestwick Country Club — 601 Prestwick Dr, Frankfort, IL 60423
- New Image — 7815 W Lincoln Hwy, Frankfort, IL 60423
- Local Bar — 7905 W Lincoln Hwy, Frankfort, IL 60423
- Ryan's Pub — 7928 W Lincoln Hwy, Frankfort, IL 60423
- All Star Sports Bar — 7818 W Lincoln Hwy, Frankfort, IL 60423
Frequently Asked Questions
What type of property is this?
Night club - C2-zoned entertainment property with gaming licenses, liquor licenses, parking, and a flexible layout for multiple business concepts.
Where is this night club located?
The property is located at 7905 W Lincoln Hwy Frankfort, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,700‑square‑foot nightclub and bar property at 7905 W Lincoln Hwy; Grandfathered gaming licenses and liquor licenses included; C2 zoning supports a range of business operations
