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    21740 Lincoln Highway Lynwood, IL 60411

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    For Lease
    $1.00 SF/Yr

    Retail/light industrial building with showroom space and high traffic exposure.

    Added:
    Apr 30, 2025
    Days on Market:
    354
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 21740 Lincoln Highway

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    KENNETH PEACH
    KENNETH PEACH

    Listing agent KENNETH PEACH License #475137164

    Listing office COLDWELL BANKER REALTY

    Listing date Apr 30, 2025

    Source Corcoran

    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 COLDWELL BANKER REALTY

    Overview

    Lynwood Retail/Light Industrial Building

    The available building at 21740 Lincoln Hwy, Lynwood, IL, is suitable for retail or light industrial use. The property features showroom space and floor-to-ceiling windows, providing natural light and display opportunities. The main floor offers 13,100 square feet of space, including three offices. An upper-level loft adds an additional 2,080 square feet with one office, totaling 15,180 usable square feet. The building includes two drive-in doors: one measuring 14 feet tall by 12 feet wide, and another measuring 12 feet tall by 10 feet wide. Additional build-out and 14-foot doors are open for discussion. Located on Lincoln Highway- US RT 30, the site benefits from high traffic volume, with over 35,000 cars passing daily. This location offers free advertising for businesses. Ideal uses include indoor car sales, car repair facilities, truck and trailer repair, motorcycle dealerships, boat dealerships, grocery stores, sporting goods stores, auction barns, and plumbing, electrical, and heating stores. The property has new heat and AC systems. Lynwood is described as pro-growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boatstuff Big Box & Wholesale Store Stern Safe Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.5302
    Latitude
    41.4996

    Nearby Similar for Lease

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      Lynwood Retail/Restaurant Space Available

      Retail and restaurant suites available in high-traffic Lynwood location.
      19755 - 19771 S Torrence Ave, Lynwood, IL 60417
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    • Contact for pricing

      Lynwood Retail/Industrial Building For Lease

      Retail/light industrial building with showroom, offices, and drive-in doors.
      21740 Lincoln Hwy, Lynwood, IL 60411
      View Details
    • $15/mo

      Retail Space on Torrence Avenue

      Retail space in a growing community with high traffic.
      19755-19771 Torrence Ave, Lynwood, IL
      View Details

    FAQs

    What type of property is this?
    Showroom - Retail/light industrial building with showroom space and high traffic exposure.
    Where is this showroom located?
    The property is located at 21740 Lincoln Highway Lynwood, IL.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Lincoln Hwy (US RT 30) with 35,000+\/- cars per day.; Large retail/light industrial building with 15,180 sq ft of usable space.; Showroom space features floor‑to‑ceiling windows for product display.
    (708) 764-2890
    We can help!
    Listing Contact
    KENNETH PEACH
    KENNETH PEACH
    Real Estate License ID: 475137164
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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