7837 W Lincoln Highway
Frankfort, IL, 60423 $ 699,000
Bedrooms-- Baths-- Monthly Estimate*
$ 4,414
for $699,000. This building was built in 1988.
An exceptional investment and redevelopment opportunity awaits in the heart of highly sought-after Frankfort, Illinois. This beautifully maintained 5,485-square-foot commercial property offers the perfect combination of modern design, functionality, and endless possibilities. Currently operating as a church, the versatile layout lends itself to a variety of future uses, subject to local zoning and municipal approval. The spacious interior features a bright, open floor plan highlighted by an expansive sanctuary with soaring ceilings and abundant natural light, creating an inviting atmosphere for large gatherings. Multiple entrances provide convenience, accessibility, and flexibility for a variety of operations, while the full basement offers valuable additional space for offices, classrooms, meeting rooms, storage, or future expansion. The property also benefits from a newer HVAC system, providing added peace of mind for its next owner. Outside, an expansive parking lot offers ample parking for guests, employees, or clients, making the property well-suited for organizations and businesses of many sizes. Ideally located in one of the Chicago area's most desirable communities, this property is just minutes from downtown Frankfort's vibrant shopping, dining, and local amenities, with convenient access to major roadways and surrounding suburbs. Whether you're envisioning a place of worship, professional offices, a community center, educational facility, medical or wellness practice, event venue, or another permitted commercial use, this property presents an outstanding opportunity to bring your vision to life in a premier location. Don't miss this rare chance to own a distinctive commercial property with exceptional flexibility in one of the region's most desirable markets.
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FeaturesGeneralCooling Central Air
Year Built 1988
Stories Count 2
Tax Year 2024
Additional Parcels Description 9092430100200000
County Will
Net Operating Income 78999
Operating Expense 52000
Property Type Commercial Sale Instut/To Develop
Status New
Directions Continue on IL-43 S/S Harlem Ave. Drive to US-30 in Frankfort
City Frankfort
MLS Area Frankfort
Tax Annual Amount 0
Additional Parcels Y/N Y
Leasable Area 0
Standard Status Active
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* Excluded FeaturesList ByPinkney Realty GroupBroker
daphne@thepinkneyteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,414
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Frankfort, IL
Average List Price $1,288,800
Percent of Sale Price 84%
About Frankfort, IL 18,979 Population
74% Since 2002
$ 108,814 Median Income
43.78 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/22/2026 | $699,000 | | Listed Price |