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For sale
Conventional restaurants
IL
Frankfort
60423
10211 W Lincoln Hwy

Frankfort Restaurant with Unique Features

10211 W Lincoln Hwy, Frankfort, IL 60423

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For Sale

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Two-story restaurant with atrium, skylight, and drive-up window.

Type:Retail

Property size:

8,000 SF

Price / SF:

$200/SF

HighLights

High‑traffic location on Route 30 with over 20,000 vehicles passing daily.
Large 6,800 sf free‑standing restaurant with two levels of dining, including a glass atrium and vaulted skylight ceiling.
Fully equipped kitchen ready for immediate use.
Located in a premier Frankfort community with strong demographics: 41,697 population, 14,125 households, and a median home value exceeding $300,000 within a 3‑mile radius.
Convenient drive‑up window for phone orders.
Shared parking and cross easements with surrounding office development.

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Contact an agent

Theron May

For Sale

Contact for pricing

Two-story restaurant with atrium, skylight, and drive-up window.

Type:Retail

Property size:

8,000 SF

Price / SF:

$200/SF

Added:: May 6, 2021
Days on Market:: 1888
Last Refresh:: May 19 at 10:13 pm

Property Features for 10211 W Lincoln Hwy

General Information

Standard status: Active
Size: 8,000 SF
Property subtype: Retail

Building Details

Year Built: 1993

We can help!

Contact an agent

Theron May

Listing office Imperial Realty Company

Listing date May 6, 2021

Source Crexi

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 Imperial Realty Company

HighLights

High‑traffic location on Route 30 with over 20,000 vehicles passing daily.
Large 6,800 sf free‑standing restaurant with two levels of dining, including a glass atrium and vaulted skylight ceiling.
Fully equipped kitchen ready for immediate use.
Located in a premier Frankfort community with strong demographics: 41,697 population, 14,125 households, and a median home value exceeding $300,000 within a 3‑mile radius.
Convenient drive‑up window for phone orders.
Shared parking and cross easements with surrounding office development.

Overview

This freestanding restaurant property features a 6,800 square foot footprint, offering an ideal setting for fine or casual dining. The unique space includes two levels of dining, with a glass-enclosed atrium on the first floor and a 1,552 square foot dining area under a vaulted skylight ceiling on the second floor. A fully equipped kitchen and a convenient drive-up window for phone orders are also included. The property also features a basement with office and storage space. Shared parking and cross easements are in place with the surrounding office development. The property is located on the newly expanded Route 30 in Frankfort, Illinois, a community with a population of 41,697 within a 3-mile radius and 14,125 households with a median home value exceeding $300,000. Over 20,000 vehicles pass by the building daily. Frankfort's historic downtown features boutiques, restaurants, and community events.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$136.3k	$17.04
− Vacancy	−$8.9k	−$1.11
EGI	$127.5k	$15.93
− OpEx	−$31.9k	−$3.98
NOI	$95.6k	$11.95

8,000 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.37M

$1.19M – $1.59M (±1% cap)

NOI $95,594 @ 7.0% cap · market cap 5.97%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.81M

$1.59M – $2.12M (±1% cap)

NOI $127,008 @ 7.0% cap · market cap 7.94%

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

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Frankfort
County: Will
State: Illinois
Longitude: -87.8651499
Latitude: 41.5057722

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For sale
Conventional restaurants
IL
Frankfort
60423
10211 W Lincoln Hwy

What type of property is this?

Conventional restaurant - Two-story restaurant with atrium, skylight, and drive-up window.

Where is this conventional restaurant located?

The property is located at 10211 W 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: High‑traffic location on Route 30 with over 20,000 vehicles passing daily.; Large 6,800 sf free‑standing restaurant with two levels of dining, including a glass atrium and vaulted skylight ceiling.; Fully equipped kitchen ready for immediate use.