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    10211 Lincoln Hwy Frankfort, IL 60423

    Sponsored
    For Sale
    $1,600,000

    Prime Frankfort location, fully equipped, 8,000 sq ft.

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This vacant, 8,000-square-foot restaurant building presents a unique investment opportunity in Frankfort, Illinois. Located at 10211 W Lincoln Hwy, this free-standing property boasts a 6,800-square-foot footprint and sits on a 0.41-acre lot. Built in 1993 and renovated in 2006, the building features two levels of dining space. The first floor includes a glass-enclosed atrium, while the second floor offers a 1,552-square-foot dining area under a vaulted skylight ceiling. A full basement provides additional office and storage space. The property also includes a convenient drive-up window, ideal for phone orders. Parking is readily available through shared parking and cross easements with the surrounding office development. The asking price is $1,600,000, translating to $200 per square foot. This property benefits from its location on the newly expanded Route 30, a high-traffic area with over 20,000 vehicles passing daily. Frankfort itself is a thriving community with a population of 41,697 within a three-mile radius, and 14,125 households boasting a median home value exceeding $300,000. The town's vibrant downtown area, featuring unique boutiques and family-friendly events, adds to the property's appeal. This owner/user opportunity is perfect for an established restaurant or a new venture looking to capitalize on Frankfort's strong economic growth, ranked second best in Illinois for job growth by WalletHub. The property is currently vacant.

    Property Features for 10211 Lincoln Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    8,000 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built/Renovated
    1993/2006

    HighLights

    • Owner‑user opportunity.
    • Restaurant for sale or lease in Frankfort, IL.
    Property Profile 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
    -87.8651413
    Latitude
    41.5057078

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    FAQs

    What type of property is this?
    Restaurant - Prime Frankfort location, fully equipped, 8,000 sq ft.
    Where is this restaurant located?
    The property is located at 10211 Lincoln Hwy Frankfort, IL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Owner-user opportunity.; Restaurant for sale or lease in Frankfort, IL.;
    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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