One-Story Office Building with
For Sale
$429,900
110 S Lombard St, Mahomet, IL 61853
Adaptable office property with a finished basement, attached garage, and multiple interior rooms for flexible workspace planning.
Property Size2,116 SF
Price / SF$203.17
Days on Market81
Property Features for 110 S Lombard St
General Information
Standard status
Active
Size
2,116 SF
Total Parking Spaces
2
Building Details
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Taylor Realty Associates
Listed By:
Nick Taylor · License #471001633
(217) 586-4906
Source:
Bktchicago
Added: Jul 26
Changed: Oct 1
Last Checked: Oct 7 at 5:34PM
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 Taylor Realty Associates
Investment Insights
Based on property information with market context.
Built in 1988, this 2,116-square-foot office building occupies a one-story configuration with a finished basement. The main level includes an open central area, kitchen, laundry room, full bathroom, private suite with attached bath and walk-in closet, two additional rooms, and a bonus room. A vaulted ceiling, exposed beams, and a stone wood-burning fireplace add distinctive interior character.
The lower level provides a kitchenette, two additional rooms, a full bathroom, recreation room, and storage space. An attached two-car garage and a large backyard with a tree-lined edge are also included. The property is located at 110 S Lombard St in Mahomet, Illinois.
The lower level provides a kitchenette, two additional rooms, a full bathroom, recreation room, and storage space. An attached two-car garage and a large backyard with a tree-lined edge are also included. The property is located at 110 S Lombard St in Mahomet, Illinois.
Key Highlights
- 2,116 SF office building constructed in 1988
- One‑story layout with a finished basement
- Vaulted beamed ceiling and stone wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,539
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,780
$430.8K
Cap Rate 7%
$307,700
$307.7K
Cap Rate 9%
$239,322
$239.3K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$36.8K $17.40/SF
− Vacancy
−$8.1K −$3.83/SF
EGI
$28.7K $13.57/SF
− OpEx
−$7.2K −$3.39/SF
NOI
$21.5K $10.18/SF
Area
Champaign County, IL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,780
Cap Rate 7%
$307,700
Cap Rate 9%
$239,322
Alternative Uses
Best Use
Office B
$307.7K
$269.2K – $359.0K
NOI $21,539 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.2K
$385.2K – $513.6K
NOI $30,816 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 61853, IL
14,218
Population
5,338
Households
2.7
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
48.0 sq mi
ZIP Area
296
Density / Sq Mi
$114,974
Median Household Income
$56,473
Median Earnings
$1,226
Median Rent
$281,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Adaptable office property with a finished basement, attached garage, and multiple interior rooms for flexible workspace planning.
Where is this office building located?
The property is located at 110 S Lombard St Mahomet, IL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,116 SF office building constructed in 1988; One‑story layout with a finished basement; Vaulted beamed ceiling and stone wood‑burning fireplace
