10043 Lincoln Hwy Frankfort, IL 60423

Property Details for 10043 Lincoln Hwy

Year built

1993

Construction

WOOD

Lot size

1.64 lot acres

Property size

9,587 SF

Property type

Commercial real estate

APN

19-09-21-307-004

APU

190921307004

Description

This exceptional three-story medical office building, totaling 24,125 square feet, presents a unique investment opportunity in Frankfort, Illinois. Strategically located just off Route 30, west of LaGrange Road, this property enjoys high visibility and convenient access to major interstates I-80 and I-57. Its prime location is further enhanced by its proximity to other established medical facilities. The building boasts significant recent improvements, including a new roof (2021), a new parking lot (2022), and new HVAC units (2023). The first floor, encompassing 8,782 square feet, is currently leased to a reputable national tenant under a lease with over five years remaining. The second floor offers flexible space ranging from 3,395 to 6,790 square feet, and the lower level provides an additional 8,782 square feet, all available for lease. Rental rates are competitive, ranging from $18 to $26 per square foot, modified gross. Ample parking and excellent signage opportunities are also key features. This property offers a compelling combination of strong existing tenancy, significant recent upgrades, and a highly desirable location, making it an ideal investment for discerning buyers seeking a stable and growing medical office portfolio. The 1.64-acre lot provides ample space for expansion or future development.

Location Insight

City

Frankfort

County

Will

State

Illinois

Longitude

-87.8608

Latitude

41.5056

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments