7805-7821 W Lincoln Highway Frankfort, IL ^$ 1,450,000

7805-7821 W Lincoln Highway

^$ 1,450,000

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7805-7821 W Lincoln Highway

Frankfort, IL, 60423

^$ 1,450,000

Bedrooms-- Baths-- Sq 8,402

Monthly Estimate*

^$ 9,046

7805-7821 W Lincoln Highway, Frankfort, IL 60423 - Image 1

7805-7821 W Lincoln Highway, Frankfort, IL 60423 - Image 2

7805-7821 W Lincoln Highway, Frankfort, IL 60423 - Image 3

7805-7821 W Lincoln Highway, Frankfort, IL 60423 - Image 4

7805-7821 W Lincoln Highway, Frankfort, IL 60423 - Image 5

Commercial Property for sale in Frankfort, IL

for $1,450,000. This 8,402 square foot building was built in 1970 on a lot size of 0.946281.

Cash-flowing strip center for sale on a high-traffic main street location with excellent visibility and access. This fully leased, multi-tenant retail property features a diverse mix of established businesses under long-term leases, offering stable income and minimal turnover. Ideal for investors seeking a turnkey opportunity. This neighborhood shopping center benefits from strong demographics, and prime frontage (corner) in a thriving area. Don't miss this rare chance to acquire a well-maintained, income-producing strip plaza with value-add potential and broad appeal.

Commercial Active

Price

^$ 1,450,000

Property Type

Commercial

Taxes

^$ 29,014

Style

Retail

Lot Size

0.946281

Year Built

1970

Town/City

Frankfort

County/Region

Will

MLS | Web ID

12434520

Features

General

Cooling Central Air

Utilities Electric to Site Natural Gas Available Sewer Connected Water Available

Possession Tenant's Rights

Zoning COMMR

Year Built 1970

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Repairs Scavenger Sewer Varies by Tenant

Stories Count 1

Township Frankfort

Tax Year 2024

Current Use Commercial

Gross Income 176400

Business Type Retail

Assoc Fee Paid Per Not Applicable

County Will

Net Operating Income 103911

Operating Expense 40507

Insurance Expense 7656

Property Type Commercial Sale Retail/Stores

Status Active

Directions Executed Confidentiality agreement required /email to list broker

City Frankfort

Number Of Units Total 5

MLS Area Frankfort

Lot Size Square Feet 41220

Tax Annual Amount 29014.56

Additional Parcels Y/N Y

Leasable Area 0

Standard Status Active

Cap Rate 7.17

Exterior

Water Source Community Water

Foundation Details Concrete Perimeter

Building Area Total 8402

Lot Dimensions 189x19x154x102x76x100x238

Frontage Type City Street Frontage Road Paved

* Excluded Features

List By

Homesmart Realty Group

Broker

buyahome8@gmail.com

Affordability Calculator

$11,464

Per Month

Monthly Principal & Interest: $9,046
Monthly Property Taxes: $2,418
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Frankfort, IL

Average List Price ^$938,617

Percent of Sale Price 35%

About Frankfort, IL

18,979 Population

74% Since 2002

^$108,814 Median Income

43.78 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/31/2025	$1,450,000		Listed Price

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7805-7821 W Lincoln Highway, Frankfort, IL, 60423 is a Commercial Property for sale at $1,450,000 with 8,402 sqft and a lot size of 0.946281. 7805-7821 W Lincoln Highway was built in 1970. The property's zip code is 60423 which is in Frankfort, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/14/2025.

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7805-7821 W Lincoln Highway

Commercial Property for sale in Frankfort, IL

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