847-780-8063
2830 Highland Ave, Lombard, IL for Sale
Storefront - FOR SALE
1/14
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2830 Highland Ave
Lombard, IL 60148


HIGHLIGHTS

  • Well located directly across from Yorktown Mall with visibility and exposure to over 52,000 VPD
  • The center is part of a larger development with City View at the Highlands, a 403-unit apartment complex
  • Conveniently located a few blocks east of Interstate-355 and one (1) block north of Interstate-88
  • Rare opportunity to acquire an already positive cash flowing asset with the ability to add value through lease-up and stabilization

OVERVIEW

REO multi-tenant retail center along Highland Avenue in west suburban Lombard, Illinois (Chicago MSA). The 21,071 SF retail center is 33% occupied by Potbelly, Classy Nails and Spa, and SimonMed Imaging. At the 33% occupancy rate, the Property produces a Net Operating Income (NOI) of approximately $38,542, featuring a unique opportunity to add value via lease-up, to an already positive cash flowing asset. The center features a parking lot totaling 80-spaces (4.11/1,000 SF) and is located in the heart of Lombard’s commercial corridor, directly across from Yorktown Center, a 100+ tenant super regional mall anchored by JCPenney, Marshalls and Von Mauer. Neighboring retailers include Kohl’s, Best Buy, PetSmart, Five Below, Bed Bath & Beyond, Michaels, K&G Fashion Superstore, Dollar Tree, Ross Dress for Less, Ashley Furniture, PGA Tour Superstore, Steinhafels, Outback Steakhouse, Chipotle, Portillo’s, Burger King, and Starbucks, among many others.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highlands Of Lombard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

CROSS STREETS

Butterfield Rd

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

Commercial

APN/PARCEL ID

06-29-308-019

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.