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$1,350,000 -$100,000 (-6.9%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 8,402 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 7805-7821 W Lincoln Hwy

General

  • Price: $1,350,000
  • Taxes: $29,014 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12434520
  • Updated: 1/13/2026
  • Added to Site: 170 day(s) ago

Business

  • Business Type: Retail

Additional Information

  • Security/Safety: Other

Location

  • Area: Frankfort
  • County: Will
  • Township: Frankfort
  • Driving Directions: Executed Confidentiality agreement required /email to list broker
  • Location Details: High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Water: Community Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available

Structural Information

  • Foundation: Concrete Perimeter
  • Stories/Levels: 1
  • Square Feet: 8,402
  • Current Bldg. Use: Commercial
  • Year Built: 1970

Unit Information

  • # Tenants: 6

Lot Features

  • Lot Size (Sq. Ft.): 41,220
  • Lot Dimensions: 189 x 19 x 154 x 102 x 76 x 100 x 238
  • Frontage: City Street, Frontage Road, Paved
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Insurance Fee: $7,656
  • Operating Expenses: $40,507
  • Other Fee: $32,851
  • Security Deposit: Other
  • Assessment Year: 1970
  • Tax Amount: $29,014.56
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat, Repairs, Scavenger, Sewer, Varies by Tenant

Disclosures and Reports

  • Documents Avail.: Rent Roll, Leases, Tax Bill
  • Property ID: 1909243010060000

Listed by HomeSmart Realty Group

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— 7805-7821 W Lincoln Hwy —

  • HomeSmart Realty Group

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NMLS#: 1598647

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Price & Sales History for 7805-7821 W Lincoln Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Price Reduced
$1,350,000
-6.9%
MLS
7/29/2025
Listed
$1,450,000
—
MLS
Get Price Alerts and Save Property
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 for 7805-7821 W Lincoln Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,773
-8%
$185,231
—
2023
$16,017
—
$185,231
—
2022
$15,943
-1%
$185,231
—
2020
$16,088
1%
$185,231
—
2019
$16,000
1%
$185,231
—
2018
$15,915
—
$185,231
—
2017
$15,963
-1%
$185,231
—
2016
$16,056
-1%
$185,231
—
2015
$16,298
1%
$185,231
—
2014
$16,195
4%
$185,231
—
2013
$15,516
7%
$185,231
—
2012
$14,537
—
$185,231
—
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.

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7805-7821 W Lincoln Highway, Frankfort, IL 60423 (MLS# 12434520) is a Commercial property. 7805-7821 W Lincoln Highway is currently listed for $1,350,000 and was received on July 29, 2025. Want to learn more about 7805-7821 W Lincoln Highway? Do you have questions about finding other Commercial 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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