Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7905 Lincoln Hwy Frankfort, IL 60423

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Frankfort, IL: 6,700 SF Bar/Restaurant

    Property size:
    6,700 SF

    Property Features for 7905 Lincoln Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    6,700 SF

    Building Details

    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Theresa Mueller
    Theresa Mueller

    Listing Agency: Trelleum Real Estate Listing Agent: Theresa Mueller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Local Bar Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store 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

    Nearby Similar for Sale

    • $839,000
      0.41 Acres

      Downtown Frankfort End Cap Unit

      Commercial unit in historic district with high-end finishes.
      1 Old Frankfort Way, Frankfort, IL 60423
      View Details
    • New
      $225,000
      Pending

      Established Children's Entertainment Business

      Family-owned indoor playground with cafe in Frankfort, Illinois.
      20815 S La Grange Rd, Frankfort, IL 60423
      View Details
    • $1,200,000
      1.15 Acres

      Two-Story Office Building in Frankfort

      Two-story office building with finished basement and potential rental income.
      9999 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $1,350,000
      0.95 Acres

      Frankfort Retail Strip Center

      Fully leased retail property on high-traffic street in Frankfort, IL.
      7805-7821 W Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $2,500,000
      22 SF

      Frankfort Multi-Use Estate on 22 Acres

      Versatile 22-acre estate with four buildings and development potential.
      22660 S Harlem Ave, Frankfort, IL 60423
      View Details
    • Contact for pricing

      Move-In Ready Home in 55+ Community

      Desirable 55+ community home with front porch and back deck.
      22942 S Glen Eagle Dr, Frankfort, IL 60423
      View Details
    • Contact for pricing
      2,900 SF

      Designer Two-Story Unit with Upgrades

      Spectacular two-story unit with finished walk-out lower level.
      8638 Saddlebred Ct, Frankfort, IL 60423
      View Details
    • $639,900

      Luxurious Duplex Model Home

      New duplex model home with lavish ranch-style living.
      8855 Milwaukee Breakwater Dr, Frankfort, IL 60423
      View Details
    • $1,600,000
      8,000 SF

      Frankfort Restaurant - $1.6M

      Prime Frankfort location, fully equipped, 8,000 sq ft.
      10211 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $399,999
      3,132 SF

      Frankfort Office Space - Lincoln Hwy

      Prime Office Space, High Visibility, Ample Parking
      10331 Lincoln Hwy, Frankfort, IL 60423
      View Details
    • $2,900,000
      7,200 SF

      Frankfort Commercial Building

      7,200 SF Auto Shop/Storefront
      19915 La Grange Rd, Frankfort, IL 60423
      View Details
    • Contact for pricing
      6,700 SF

      Frankfort Nightclub & Bar Opportunity

      Thriving business, high-traffic location, huge potential.
      7905 Lincoln Hwy, Frankfort, IL 60423
      View Details

    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.
    (630) 715-9999 Call to check price and availability
    Request Owner's contact information
    7905 Lincoln Hwy Frankfort, IL 60423
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7905 Lincoln Hwy
    Frankfort, IL 60423
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Theresa Mueller
    Theresa Mueller
    Real Estate License ID: 471006935
    (630) 715-9999
    Learn more
    Google sign-in failed. Please try again or use another login method.