Standalone Storefront
For Sale
$750,000
230 S Main St, Lombard, IL 60148
B-3-zoned standalone building with shell space, on-site parking, and access to nearby public transportation.
Property Size3,312 SF
Price / SF$226.45
Days on Market26
Property Features for 230 S Main St
General Information
Standard status
Active
Size
3,312 SF
Total Parking Spaces
13
Zoning
B-3
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Coldwell Banker Realty
(630) 954-4600
Listed By:
Moin Haque, Eabad Haque · License #475183522
Source:
Realtopiare
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 25 at 5:21AM
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
Investment Insights
Based on property information with market context.
This standalone storefront building at 230 S Main St provides 3,312 square feet of shell space for a customizable commercial layout. Constructed in 1972, the property carries B-3 zoning and includes 13 on-site parking spaces.
The building is positioned at an intersection recording 38,373 vehicles per day, supporting strong exposure for business signage. Public transportation is nearby, adding an additional access option for customers and employees. Its shell condition allows occupants to plan the interior around their operational requirements.
The building is positioned at an intersection recording 38,373 vehicles per day, supporting strong exposure for business signage. Public transportation is nearby, adding an additional access option for customers and employees. Its shell condition allows occupants to plan the interior around their operational requirements.
Key Highlights
- 3,312 square feet of shell space
- B‑3 zoning designation
- Standalone building constructed in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$919,420
$919.4K
Cap Rate 7%
$656,729
$656.7K
Cap Rate 9%
$510,789
$510.8K
Market Conditions
NOI Build-Up for 3,312 SF
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.
Gross rent
$71.5K $21.60/SF
− Vacancy
−$5.9K −$1.77/SF
EGI
$65.7K $19.83/SF
− OpEx
−$19.7K −$5.95/SF
NOI
$46.0K $13.88/SF
Area
DuPage County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$919,420
Cap Rate 7%
$656,729
Cap Rate 9%
$510,789
Alternative Uses
Best Use
Retail
$656.7K
$574.6K – $766.2K
NOI $45,971 @ 7.0% cap · market cap 6.13%
Second Best
Office B
$652.4K
$570.8K – $761.1K
NOI $45,667 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,044 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60148, IL
52,794
Population
21,744
Households
2.4
Avg Household Size
40
Median Age
48%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,826
Density / Sq Mi
$96,606
Median Household Income
$53,675
Median Earnings
$1,805
Median Rent
$328,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B-3-zoned standalone building with shell space, on-site parking, and access to nearby public transportation.
Where is this storefront property located?
The property is located at 230 S Main St Lombard, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,312 square feet of shell space; B‑3 zoning designation; Standalone building constructed in 1972
