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    7905 Lincoln Hwy Frankfort, IL 60423

    • Commercial real estate
    • 750 SF
    • 0.88 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-2340567
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Local Bar / Bar

    Property Details for 7905 Lincoln Hwy

    Year built
    1975
    Lot size
    0.88 lot acres
    Property size
    750 SF
    Property type
    Commercial real estate
    APN
    19-09-24-300-008
    APU
    190924300008

    Description

    This exceptional 6,700 square foot commercial property located at 7905 W Lincoln Highway in Frankfort, IL, presents a unique investment opportunity. Currently operating as a nightclub and bar, this establishment boasts a prime corner location on the busy Route 30, ensuring high visibility and consistent customer traffic. The property includes valuable grandfathered gaming licenses, adding a significant revenue stream to the existing business. The spacious layout offers adaptability for various business ventures, and the C2 zoning allows for a wide range of uses. The seller is currently undertaking a complete renovation of the space, with updated photos to be available soon. The property also features a bonus outdoor patio or beer garden, perfect for expanding the business's outdoor seating and ambiance. Ample parking is available, accommodating up to 60 vehicles. The seller is motivated to sell due to retirement and is open to flexible terms. This property is ideal for an entrepreneur looking to acquire a turnkey operation with existing equipment and licenses or for a developer seeking a redevelopment project in a high-demand location. The generous lot size provides ample space for expansion or future development. Don't miss this chance to own a thriving business or a prime piece of real estate in a high-traffic area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $530,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $570,000
      Mixed-Use
      $595,000
      Hospitality
      $490,000
      Educational
      $600,000
      Residential Income
      $545,000
      Energy
      $590,000
      Income-Based Land
      $585,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Will
    State
    Illinois
    Longitude
    -87.8075
    Latitude
    41.5059
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,703
    $57,085
    $205,475
    $262,560
    -
    $171,255
    $616,425
    $787,680

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    7905 Lincoln Hwy
    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
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