31 Bankview Dr Frankfort, IL 60423
- Commercial real estate
- 28,173 SF
- 3.08 lot acres
Current Use by Public Records
- We Fix Phones, Tablets, PC's / Mobile Phone Repair Shop / Computer Repair Service
- Amazon Hub Counter - We Fix Phones, Tablets, PC's / Mailing Service / E-Commerce Service
Property Details for 31 Bankview Dr
- Year built
- 2006
- Lot size
- 3.08 lot acres
- Property size
- 28,173 SF
- Property type
- Commercial real estate
- APN
- 19-09-21-208-045
- APU
- 190921208045
Description
Frankfort Plaza, a single-story, 27,048 square foot neighborhood retail center in Will County, offers an exceptional investment opportunity. This 14-suite property boasts a prime location, enjoying high visibility from both LaGrange Road and Bankview Drive, with convenient access to Lincoln Highway and the I-80 interchange. The center benefits from strong traffic counts and a high-income demographic, attracting a desirable tenant mix. Currently, the center houses a diverse range of established businesses, including ATI Physical Therapy, Kumon Math and Reading Centers, Seattle Sutton's Healthy Eating, Minutemen Press, and Action Sports, demonstrating the property's appeal and consistent occupancy. Two retail spaces are currently available, presenting a unique chance to expand your business or add to a growing portfolio. The property's strategic location and established tenant base make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable retail venture. The existing tenants represent a blend of national and local businesses, creating a vibrant and well-rounded shopping destination. This is a rare opportunity to acquire a well-positioned retail center in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,205,000
- 6.5%
- $4,890,000
- 7%
- $5,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,285,000
- Geo Method
- $5,400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,235,000
- Retail
- $4,730,000
- Mixed-Use
- $4,365,000
- Hospitality
- $4,100,000
- Educational
- $4,545,000
- Residential Income
- $4,975,000
- Energy
- $4,285,000
- Income-Based Land
- $3,915,000
- Food Service
- $3,955,000
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Will
- State
- Illinois
- Longitude
- -87.8508
- Latitude
- 41.5101
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
