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$699,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 7837 W Lincoln Hwy
General
- Price: $699,000
- Taxes: (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12711372
- Updated: 7/22/2026
- Added to Site: 3 day(s) ago
Location
- Area: Frankfort
- County: Will
- Driving Directions: Continue on IL-43 S/S Harlem Ave. Drive to US-30 in Frankfort
- Location Details: South Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1988
Lot Features
- Lot Dimensions: 5485
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $52,000
- Assessment Year: 1988
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1909243010020000
Listed by Pinkney Realty Group
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Schools
Schools serving 7837 W Lincoln Hwy
| Name | Grades | Distance |
|---|---|---|
Indian Trail Elementary School, Frankfort, IL 20912 South Frankfort Square Road, Frankfort, IL 60423 | 1-4 | 0.3 mi |
Summit Hill Junior High School 7260 West North Avenue, Frankfort, IL 60423 | 7-8 | 1 mi |
Lincoln-Way East High School 201 Colorado Avenue, Frankfort, IL 60423 | 9-12 | 2.4 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 7837 W Lincoln Hwy
Date
Details
Price
Change
Source
7/21/2026
Listed
$699,000
86.4%
MLS
3/30/2021
Sold
$375,000
—
Public Record
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 7837 W Lincoln Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2023
100%
-100%
2022
-100%
$52,535
-76%
2020
$18,926
1%
$217,901
—
2019
$18,821
1%
$217,901
—
2018
$18,722
—
$217,901
—
2017
$18,778
-1%
$217,901
—
2016
$18,887
-1%
$217,901
—
2015
$19,173
1%
$217,901
—
2014
$19,051
4%
$217,901
—
2013
$18,252
-7%
$217,901
-13%
2012
$19,569
—
$249,356
—
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 7837 W Lincoln Hwy
7837 W Lincoln Highway, Frankfort, IL 60423 (MLS# 12711372) is a Commercial property. 7837 W Lincoln Highway is currently listed for $699,000 and was received on July 21, 2026. Want to learn more about 7837 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.

