8531 Lincoln Hwy Frankfort, IL 60423
- Commercial real estate
- 3.40 lot acres
Current Use by Public Records
- Oasis of Frankfort / Assisted Living Facility
Property Details for 8531 Lincoln Hwy
- Lot size
- 3.40 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.4-acre commercial lot is ideally situated at 8531-51 W. Lincoln Highway in Frankfort, Illinois, zip code 60423, within Will County. Currently zoned B-2 PUD (Planned Unit Development), this property presents a remarkable opportunity for a variety of commercial ventures. The B-2 zoning permits a wide range of uses, including retail establishments, restaurants, office spaces, and other permitted PUD developments. The location offers excellent visibility and accessibility, situated on a corner lot. A significant advantage is the planned development of a new senior housing community directly across the street, promising increased foot traffic and a strong potential customer base. This presents a unique opportunity for businesses catering to the senior demographic or those seeking a location with high visibility and a growing community. The expansive lot size allows for substantial building plans, potentially accommodating larger-scale projects such as a big-box store, hotel, or medical office complex. The asking price for this prime commercial land is $199,000. Don't miss this chance to secure a highly desirable location in a thriving area. The property's coordinates are 41.5064247 latitude and -87.8245282 longitude.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frankfort
- County
- Will
- State
- Illinois
- Longitude
- -87.8245282
- Latitude
- 41.5064247
