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    7905 Lincoln Hwy Frankfort, IL 60423

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    Frankfort, IL: 6,700 SF Bar/Restaurant

    Property size:
    6,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,700 square foot retail property, located at 7905 West Lincoln Highway in Frankfort, Illinois (Will County, zip code 60423), presents a unique redevelopment opportunity. Currently configured as a bar and restaurant with existing QSR/fast food capabilities, this single-story building sits on a substantial 75,000 square foot lot and benefits from a COMMR zoning designation. The property boasts a high-traffic location on Route 30, ensuring excellent visibility and customer flow. Currently undergoing renovations, the space includes a bonus outdoor patio/beer garden and ample parking for up to 60 vehicles. The seller is motivated to sell due to retirement and is open to various scenarios, including a potential takeover of the existing business (with equipment) or a complete redevelopment project. The property's existing setup includes grandfathered gaming licenses, offering a significant revenue stream for the right operator. This adaptable floor plan and flexible terms make it ideal for a variety of concepts. The seller is actively seeking offers. New photos will be available soon. This is a prime piece of real estate in a high-demand location with significant upside potential.

    Property Features for 7905 Lincoln Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    6,700 SF

    Building Details

    Stories
    1
    Units
    1

    HighLights

    • 6,700 SF retail building at 7905 West Lincoln Highway, Frankfort, IL (60423).
    • Located on high‑traffic Route 30 with excellent visibility.
    • Sits on a 75,000 SF lot with COMMR zoning.
    • Features a large outdoor patio and parking for 60 vehicles.
    • Currently undergoing renovations; includes existing bar/restaurant with QSR capabilities and grandfathered gaming licenses.
    • Motivated seller open to various purchase scenarios, including business takeover.
    Property Profile Location Intelligence

    Current Use by Public Records

    Local Bar Bar

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8075529
    Latitude
    41.5062851

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    FAQs

    What type of property is this?
    Restaurant - Frankfort, IL: 6,700 SF Bar/Restaurant
    Where is this restaurant located?
    The property is located at 7905 Lincoln Hwy Frankfort, IL.
    What are key features of this property?
    This property features: 6,700 SF retail building at 7905 West Lincoln Highway, Frankfort, IL (60423).; Located on high-traffic Route 30 with excellent visibility.; Sits on a 75,000 SF lot with COMMR zoning.
    Request Owner's contact information
    7905 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
    7905 Lincoln Hwy Frankfort, IL 60423
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