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    10211 Lincoln Hwy Frankfort, IL 60423

    For Lease
    $35 SF/Yr

    Prime Frankfort restaurant, 6,800 SF

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,800 square foot free-standing restaurant building is located at 10211 W Lincoln Hwy in Frankfort, Illinois, 60423. Built in 1993, this Class A property offers a unique two-level dining experience. The first floor features a glass-enclosed atrium, while the second floor boasts a spacious 1,550 square foot dining area under a vaulted skylight ceiling. A fully equipped kitchen is included, along with a convenient drive-up window ideal for phone orders. The property benefits from shared parking and cross easements with a neighboring office development, ensuring ample parking for patrons. A full basement provides additional storage space. Situated on the newly expanded Route 30, this location enjoys high visibility with over 20,000 vehicles passing daily. The surrounding area boasts a strong demographic profile, with a population of 41,697 within a three-mile radius and 14,125 households, exhibiting a median home value exceeding $300,000. Frankfort itself is a thriving community, recognized for its job growth and charming historic downtown area, offering a vibrant mix of boutiques, restaurants, and family-friendly events. This property presents a remarkable opportunity for a restaurant seeking a prominent location in a desirable market. The single-tenant occupancy provides flexibility and control.

    Property Features for 10211 Lincoln Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Class
    A

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Size
    8,000 SF
    Rate per SF
    $35

    HighLights

    • Restaurant space available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.864846110053
    Latitude
    41.50595435037

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    FAQs

    What type of property is this?
    Restaurant - Prime Frankfort restaurant, 6,800 SF
    Where is this restaurant located?
    The property is located at 10211 Lincoln Hwy Frankfort, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Restaurant space available for lease.; ;
    Request Owner's contact information
    10211 Lincoln Hwy Frankfort, IL 60423
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    Frankfort, IL 60423
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    Realmo Value Estimation

    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.

    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.

    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
    10211 Lincoln Hwy Frankfort, IL 60423
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