Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    937 N Lombard Rd Lombard, IL 60148

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    62,792 SF industrial property with renovated offices, available April 2026.

    Building Details

    Year built
    1998

    We can help!

    Listing Contact
    Adam Stokes
    Source: Naiglobal

    Listing Agent: Adam Stokes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Lombard Industrial Property For Lease

    The property at 937 N. Lombard Road, constructed in 1998, is a 62,792 square foot industrial building situated on a 4.02-acre site. The building features a 24-foot clear height, six exterior docks, and one drive-in door measuring 10 feet by 14 feet. There are 76 parking spaces available. The property includes 3,600 square feet of recently renovated office space. The location is less than one mile from I-355 at the North Avenue interchange. The property will be available in April 2026.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Similar Places Nearby

    Prologis

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    DuPage
    State
    Illinois
    Longitude
    -88.024638
    Latitude
    41.90566

    Nearby Similar for Lease

    • New
      Contact for pricing

      Lombard Industrial Unit For Rent

      3,095 SF industrial unit near I-88 and I-355.
      85 Eisenhower Ln S, Lombard, IL 60148
      View Details
    • Contact for pricing

      Office Space in Lombard, IL

      Office space for rent in Lombard, Illinois.
      929 S Main St, Lombard, IL 60148
      View Details
    • Contact for pricing
      18,055 SF

      Retail Space in Lombard Center

      Retail space for lease in established Lombard shopping center.
      2770 South Highland Ave, Lombard, IL 60148
      View Details
    • $19 SF/Yr
      2,105 SF

      Lombard Office Space for Rent

      Office space available in Lombard with ample parking.
      500 Waters Edge, Lombard, IL 60148
      View Details
    • $16 SF/Yr
      3,218 SF

      Lombard Office Space Available

      Office space for rent in Lombard, Illinois.
      555 Waters Edge, Lombard, IL 60148
      View Details
    • $17 SF/Yr
      4,835 SF

      Move-in Ready Office Space

      Office space with private entrance, natural light, and furniture.
      350 E 22Nd St, Lombard, IL 60148
      View Details
    • Contact for pricing
      47,175 SF

      Lombard Industrial Space For Lease

      Divisible industrial building with loading and potential outdoor storage.
      1000 N Main St, Lombard, IL 60148
      View Details
    • $17 SF/Yr

      Office Space Near Yorktown Center

      Move-in ready office space with abundant natural light.
      350 E 22Nd St, Lombard, IL 60148
      View Details
    • $23 SF/Yr
      9,252 SF

      Established Retail Mall in Lombard

      9,252 SF neighborhood retail mall with high visibility.
      1210-1238 S Highland Ave, Lombard, IL 60148
      View Details
    • $23 SF/Yr
      9,280 SF

      Roosevelt Road Retail Space Available

      9,280 SF neighborhood center with excellent visibility on Roosevelt Road.
      621-649 E Roosevelt Rd, Lombard, IL 60148
      View Details
    • Contact for pricing

      Office Space Near I-355

      Office space available in Lombard, Illinois, near I-355.
      1000 Oak Creek Dr, Lombard, IL 60148
      View Details
    • Contact for pricing
      21,071 SF

      Retail Space Near Yorktown Center

      Retail space for lease in Lombard, Illinois, near Yorktown Center.
      2830 S Highland Ave, Lombard, IL 60148
      View Details

    FAQs

    What type of property is this?
    Warehouse - 62,792 SF industrial property with renovated offices, available April 2026.
    Where is this warehouse located?
    The property is located at 937 N Lombard Rd Lombard, IL.
    What are key features of this property?
    This property features: - 62,792 SF Free Standing Building; - Less than one mile from I-355 at North Avenue (4-way interchange); - Benefit from the **24’ Clear Height**
    (312) 498-7400
    Request Owner's contact information
    937 N Lombard Rd Lombard, IL 60148
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    937 N Lombard Rd
    Lombard, IL 60148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    937 N Lombard Rd Lombard, IL 60148
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Stokes
    (312) 498-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!