Frankfort Retail Investment
9500 W Lincoln Highway Frankfort, IL 60423
9500 W Lincoln Highway, Frankfort, IL, 60423
Contact for pricing
For Sale
Contact for pricing
Well-maintained retail property in Frankfort with high traffic and exposure.
Property Size11,100 SF
Lot Size1.07 Acres
Price / SF$279.28
Days on Market824
Property Features for 9500 W Lincoln Highway
General Information
- Standard status
- Active
- Size
- 11,100 SF
- Lot size
- 1.07 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing Agency
@properties
(708) 951-1714
Listed by
Kanton Harzich · License #475169564
Source
Crexi
Added: Apr 15, 2024 Checked: Jul 17 at 8:49 am
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 @properties
Investment Insights
Based on property information with market context.
This commercial property is located in Frankfort and offers an investment opportunity. The property is situated in a premier location with high traffic and exposure. The building is well maintained and features long-term tenants. The property is surrounded by established businesses such as Mariano's and Walgreens. It occupies a parcel of 1.07 acres and includes 79 parking spaces. The building has recently replaced furnaces, A/C systems, and water heaters in all units, as well as a newer roof. The all-brick building is located in a continuously growing community and contains 11100 square feet.
Key Highlights
- Excellent income production with quality long‑term tenants.
- Premier location in Frankfort with extremely high traffic count and exposure.
- Surrounded by well‑established businesses like Mariano's and Walgreens.
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 | $166.5k | $15.00 |
| − Vacancy | −$16.7k | −$1.50 |
| EGI | $149.9k | $13.50 |
| − OpEx | −$45.0k | −$4.05 |
| NOI | $104.9k | $9.45 |
11,100 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,895 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,224 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Frankfort Currency ...
Money Order Service
Amour Cheveux
Hair Salon
MR.BARBER
Barber Shop
Western Union
Bank
South Suburban Currency ...
Check Cashing
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Well-maintained retail property in Frankfort with high traffic and exposure.
Where is this shopping center located?
The property is located at 9500 W Lincoln Highway Frankfort, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Excellent income production with quality long‑term tenants.; Premier location in Frankfort with extremely high traffic count and exposure.; Surrounded by well‑established businesses like Mariano's and Walgreens.
