10043 Lincoln Highway, Frankfort, IL 60423 - Photo 1

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$2,850,000 -$500,000 (-14.93%) Price Reduced

For Sale
Active
Office
24,125 Sq. Ft.
Updated 14 hours ago

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Property Description

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

Full Property Details

Full Property Details for 10043 Lincoln Hwy

General

Price: $2,850,000
Taxes: $76,909 (2023)
Status: Active
Type: Office
Source: MRED
MLS ID: 12130833
Updated: 3/30/2026
Added to Site: 579 day(s) ago

Additional Information

Security/Safety: Sprinklers (Dry)

Location

Area: Frankfort
County: Will
Driving Directions: Located off of Route 30 just West of Lagrange Road in Frankfort.
Location Details: South Suburban, Southwest Suburban

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air

Structural Information

Stories/Levels: 3
Square Feet: 24,125
Year Built: 1993

Unit Information

# Tenants: 1

Lot Features

Lot Size (Acres): 1.64
Lot Size (Sq. Ft.): 71,438
Lot Dimensions: 229 x 263 x 241 x 285
Potential Use: Commercial

Financial Considerations

Lease Price: $26
For Sale/Rent/Lease: For Sale or Rent
Security Deposit: Sprinklers-Dry
Assessment Year: 1993
Tax Amount: $76,909
Tax Year: 2023
Tenant Pays: Janitorial Service, Varies by Tenant

Disclosures and Reports

Property ID: 1909213070040000

Listed by Olivieri Real Estate LLC

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— 10043 Lincoln Hwy —

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Schools

Schools serving 10043 Lincoln Hwy

School Districts:Frankfort Community Consolidated School District 157c, Lincoln Way Community High School District 210

Name	Grades	Distance
Grand Prairie Elementary School, Frankfort, IL 10480 Nebraska Street, Frankfort, IL 60423	PK-2	0.8 mi
Chelsea Elementary School 22265 South 80th Avenue, Frankfort, IL 60423	3-5	3 mi
Hickory Creek Middle School 22150 South Owens Road, Frankfort, IL 60423	6-8	2.4 mi
Lincoln-Way East High School 201 Colorado Avenue, Frankfort, IL 60423	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 10043 Lincoln Hwy Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/30/2026

Price Reduced

$2,850,000

-14.93%

MLS

4/23/2025

Price Reduced

$3,350,000

-5.63%

MLS

1/09/2025

Price Reduced

$3,550,000

-5.33%

MLS

11/13/2024

Price Reduced

$3,750,000

-3.85%

MLS

8/29/2024

Listed

$3,900,000

-38.1%

MLS

3/20/2017

Sold

$6,300,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 10043 Lincoln Hwy

Year

Property Taxes

Change

Tax Assessment

Change

2024

$72,110

-6%

$910,139

—

2023

$76,909

—

$910,139

—

2022

$77,241

-2%

$910,139

—

2020

$78,496

—

$910,139

—

2019

$78,175

-1%

$910,139

—

2018

$79,188

-2%

$910,139

—

2017

$81,132

-1%

$910,139

—

2016

$82,207

-2%

$910,139

—

2015

$84,142

—

$910,139

—

2014

$83,888

$910,139

—

2013

$81,595

$910,139

—

2012

$77,302

—

$910,139

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 10043 Lincoln Hwy

10043 Lincoln Highway, Frankfort, IL 60423 (MLS# 12130833) is a Office property. 10043 Lincoln Highway is currently listed for $2,850,000 and was received on August 29, 2024. Want to learn more about 10043 Lincoln Highway? Do you have questions about finding other Office real estate for sale in Frankfort? You can browse all Frankfort real estate or contact a Coldwell Banker agent to request more information.

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10043 Lincoln Hwy Frankfort, IL 60423