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Property profile

8531 Lincoln Hwy Frankfort, IL 60423

OFF-MARKET
Land
Property ID
US28-3163842
3.4 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3.4 ac (148,104 SF)
UPID US28-3163842

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

8531 Lincoln Hwy Frankfort, IL 60423
Frankfort metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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