Turnkey Plastics Business with
21706 E Lincoln Highway Lynwood, IL 60411
21706 E Lincoln Highway, Lynwood, IL, 60411
$1,150,000
For Sale
$1,150,000
Live-work opportunity: plastics business, assets, real estate, and residence.
Property Size6,300 SF
Lot Size2.00 Acres
Price / SF$182.54
Days on Market499
Property Features for 21706 E Lincoln Highway
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing agency
MCCOLLY REAL ESTATE
(219) 322-5508
Listed by
WILLIAM LOY · License #RB17001333
Source
Corcoran
Added: Mar 10, 2025 Updated: Jul 6 at 10:20AM Checked: Jul 21 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MCCOLLY REAL ESTATE
Investment Insights
Based on property information with market context.
The assets and real estate of Busch Plastics, Inc., a family-owned and operated custom plastic fabricator and distributor for 47 years, are available for purchase. This represents a turnkey operation adaptable to various skills and trades, including cabinet making and custom millwork, in addition to plastics manufacturing. The property includes a 1.67-acre site with room for expansion, a 6,300 sq. ft. production floor, warehouse, and office space. It also features an attached 1,800 sq. ft. house with 4 bedrooms and 1 3/4 baths, including a pool. The sale encompasses all assets of Busch Plastics, Inc., such as production machinery, vehicles, office furniture and equipment, and an established customer list. This setup offers a live-work environment suitable for skilled craftsmen and presents an opportunity to expand an existing plastics business or craftsman's workshop.
Key Highlights
- Turnkey plastics manufacturing business with established customer base.
- Attached 4‑bedroom house with a pool - ideal live‑work setup!
- Includes all assets of Busch Plastics, Inc.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.2k | $24.48 |
| − Vacancy | −$38.4k | −$6.10 |
| EGI | $115.8k | $18.38 |
| − OpEx | −$29.0k | −$4.60 |
| NOI | $86.9k | $13.79 |
6,300 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,313 @ 7.0% cap · market cap 9.24%
Second Best
Office B
$1.24M
$1.09M – $1.45M
NOI $86,867 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,257 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Live-work opportunity: plastics business, assets, real estate, and residence.
Where is this manufacturing property located?
The property is located at 21706 E Lincoln Highway Lynwood, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Turnkey plastics manufacturing business with established customer base.; **Attached 4‑bedroom house with a pool - ideal live‑work setup!**; Includes all assets of Busch Plastics, Inc.
