10211 W Lincoln Hwy, Frankfort, IL 60423
For Lease
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This exceptional 6,800 square foot free-standing restaurant building is located at 10211 W Lincoln Hwy in Frankfort, Illinois, 60423. Built in 1993, this Class A property offers a unique two-level dining experience. The first floor features a glass-enclosed atrium, while the second floor boasts a spacious 1,550 square foot dining area under a vaulted skylight ceiling. A fully equipped kitchen is included, along with a convenient drive-up window ideal for phone orders. The property benefits from shared parking and cross easements with a neighboring office development, ensuring ample parking for patrons. A full basement provides additional storage space. Situated on the newly expanded Route 30, this location enjoys high visibility with over 20,000 vehicles passing daily. The surrounding area boasts a strong demographic profile, with a population of 41,697 within a three-mile radius and 14,125 households, exhibiting a median home value exceeding $300,000. Frankfort itself is a thriving community, recognized for its job growth and charming historic downtown area, offering a vibrant mix of boutiques, restaurants, and family-friendly events. This property presents a remarkable opportunity for a restaurant seeking a prominent location in a desirable market. The single-tenant occupancy provides flexibility and control.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.