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Listing provided courtesy of Olivieri Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12130833MLS Provider

10043 Lincoln HighwayFrankfort, IL 60423

Commercial · 24,125 Sq. ft. | 1.64 Acres
$2,850,000 Active

10043 Lincoln Highway Overview

Time on Site:
668 days
Visits:
3

This standout medical office building is ideally situated in a highly visible and convenient location just off Rt. 30, west of LaGrange Road in Frankfort. Nestled among several established medical facilities, it benefits from exceptional exposure and accessibility to I-80 and I-57. This Medical office building is composed of 3 levels with a total of 24,125 SF. The entire 1st floor (8,782 SF) is occupied by a strong national tenant with 5+ years left on their lease. The 2nd Floor: 3,395 SF -6,790 SF & LL 8,782 sf are available. Some recent improvements include a New Roof 2021, NEW parking lot 2022, and new HVAC units 2023. This building offers plenty of parking and Great Signage availability. Seize the opportunity to establish your practice in this top-tier location! Rental rates $18/sf - $26/sf MG

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10043 Lincoln Highway Facts & Features

  • Type Commercial
  • Sq. ft. 24,125
  • Price/Sq.ft. $118
  • Lot 1.64 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Modified Gross
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1993

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Frankfort

Rent/Lease Information

  • Tenant Pays: Janitorial Service, Varies by Tenant

Tax Information

  • Tax Annual Amount: $76,909.00
  • Tax Year: 2023

General Information

  • Parcel Number: 1909213070040000
  • Possible Use: Commercial
  • Property Sub Type: Office
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 24125

General Information

  • Cooling: Central Air
  • Electric: Over 600 Amps
  • Leasable Area: 24125
  • Stories: 3

Unit Information

  • Unit SqFt.: 24125

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 1.64
  • Lot Size Dimensions: 229X263X241X285
  • Lot Size Square Feet: 71438

General Information

  • Number Of Units Total: 3

10043 Lincoln Highway Neighborhood

Community

60423 (Frankfort) Demographics

43
Median Age
859
Population Density (per sq. mile)
54%
College Educated
$118,856
Estimated Median Income
9,728
Estimated Total Home Owners
750
Estimated Total Renters
93% / 7%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10043 Lincoln Highway Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10043 Lincoln Highway Market Data

Based on the last 30 days in this zip code

$654,282
Average List Price
$236
Average Price per Square Foot
44
Properties Sold
51
Average Days on Market
114
Properties for Sale
Calculations provided by Reliance Network

10043 Lincoln Highway History

Date Event Value Agent
4/4/2026Source: MRED Status Change
Active
3/30/2026Source: MRED Price Reduction
$2,850,000 -14.9%
3/30/2026Source: MRED Status Change
Price Change
4/28/2025Source: MRED Status Change
Active
4/23/2025Source: MRED Price Reduction
$3,350,000 -5.6%
4/23/2025Source: MRED Status Change
Price Change
1/15/2025Source: MRED Status Change
Active
1/9/2025Source: MRED Price Reduction
$3,550,000 -5.3%
1/9/2025Source: MRED Status Change
Price Change
11/18/2024Source: MRED Status Change
Active
11/13/2024Source: MRED Price Reduction
$3,750,000 -3.8%
11/13/2024Source: MRED Status Change
Price Change
9/4/2024Source: MRED Status Change
Active
8/30/2024Source: MRED Added to Database
August 30, 2024