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    Mokena, IL New Lenox, IL Matteson, IL Tinley Park, IL Orland Park, IL Monee, IL Richton Park, IL Manhattan, IL
    Two-Story Office Building with Basement
    Updated: Apr 19, 2024
    Two-Story Office Building with Basement

    9999 W Lincoln Highway, Frankfort, IL 60423

    $1,200,000
    8,400 sqft
    Two‑story building with a separate entrance for the second floor, allowing for potential rental income.
    Finished basement with offices, kitchen, conference room, computer room, and storage, offering additional workspace.
    First floor features a reception area, 6 private offices, a large open area with workstations, a conference room, a copy room, 2 bathrooms, and an elevator.
    The second floor includes 3 private offices, a large open area with workstations, and a bathroom.
    The basement has room to convert a large storage area into additional workspaces.
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    This listing looks promising.

    Here's a quick look at some key insights for

    9999 W Lincoln Highway, Frankfort, IL 60423

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $101K
      Annual

    • Price @ 7% Cap

      $1.44M
      Above asking
    View Property Analytics
    Two-Story Office Building with Basement
    Updated: Apr 18, 2024
    Two-Story Office Building with Basement

    9999 W Lincoln Highway, Frankfort, IL 60423

    $1,200,000
    1.15 AC lot
    Two‑story brick office building in the Presidents Row office complex
    First floor includes reception and waiting area plus six private offices, conference room, copy room, and two bathrooms
    Second floor has a separate entrance and can be separately rented out; includes three private offices, workstations, and a full bath
    Mostly finished full basement with offices, kitchen, bathroom, conference room, computer room, and extensive storage
    Elevator serves the built‑out floors
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Frankfort, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Story Office Building
    Two-Story Office Building

    1352 N Cedar Road, New Lenox, IL 60451

    $999,000
    3.47 AC lot

    Occupied by Hope Center Transportation, the property includes offices, storage, conference rooms, and central air.

    View details
    Masonry Office Building with Private Entrances
    Masonry Office Building with Private Entrances

    8151 W 183rd St, Tinley Park, IL 60487

    Contact for pricing
    51,023 sqft

    Turn-key Class A office suites in a 2001 masonry building with private suite entrances and flexible availability.

    View details
    Single-Story Executive Office Building
    Single-Story Executive Office Building

    18501 N Creek Dr, Tinley Park, IL 60477

    Contact for pricing

    Single-story office building built in 2002, currently 81% occupied and positioned for access via I-80.

    View details
    Proposed Office Building Opportunity
    Proposed Office Building Opportunity

    433 Landings Dr, New Lenox, IL 60451

    Contact for pricing

    Proposed one or two-story office building, available Spring 2024.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mokena Corner Lot Opportunity
    Mokena Corner Lot Opportunity

    McGovney Street lot: 7 Block 3 Mcgovney, Mokena, IL 60448

    $135,000
    0.28 AC lot

    Prime commercial land in Mokena's Historic District.

    View details
    Mokena Commercial Land Opportunity
    Mokena Commercial Land Opportunity

    Lot 16 191st Street, Mokena, IL 60448

    $1,275,000
    8.57 AC lot

    Prime commercial land available in Mokena's 'Great Corridor'.

    View details
    Land in Tinley Park, IL
    Land in Tinley Park, IL

    16750 Harlem Avenue, Tinley Park, IL 60477

    $599,000
    1.01 AC lot

    Commercial land available for sale in Tinley Park, Illinois.

    View details
    Homer Glen Development Opportunity
    Homer Glen Development Opportunity

    12649 W 159th Street, Homer Glen, IL 60491

    $2,149,900
    16.05 AC lot

    16-acre parcel in growing corridor, flexible zoning.

    View details

    Frankfort, IL Office Buildings Market Trends and Statistics

    Explore 2 office buildings for sale in Frankfort, IL on our real estate platform. These investment opportunities span a total of 8,400 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for office properties in Frankfort, IL average $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 21
    Medical Office Space 7
    Office buildings 3
    Coworking space 1

    Demographics Overview

    Population 33K
    Population Growth (5Y) +6.1%
    Median Household Income $137,651
    College Educated 67.6%

    High-Yield Neighborhoods for Investment

    Identify Frankfort submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60423 $1.2M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Will County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Frankfort fall within the 50,000 to 100,000 square foot range.

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