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Medical-Anchored Strip Center For Sale
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Pending

2830 S Highland Ave, Lombard, IL 60148

Medical-anchored strip center with long-term leases in Lombard, Illinois.

Property Size21,071 SF
Days on Market155

Property Features for 2830 S Highland Ave

General Information

Standard status Pending
Size 21,071 SF
Class A
Property subtype Office, Retail
Occupancy 100%
Lease Type NNN
Investment Type Net Lease

Building Details

Year Built 2003
Year Renovated 2026
Tenancy Multi
Listing Agency: JLL Chicago | Americas Headquarters
Listed By: Mohsin Mirza · License #IL 475.189943
Source: Crexi
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 11 at 8:30AM

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 JLL Chicago | Americas Headquarters

Investment Insights

Based on property information with market context.

Located at 2830 S. Highland Avenue in Lombard, Illinois, this medical-anchored strip center offers 21,071 square feet of retail and medical office space within the Chicago MSA. The property is fully leased to tenants including Duly Health & Care, Midwest Orthopaedics at Rush, and Potbelly Sandwich Works. The weighted average lease term is approximately 12.3 years, with contractual rent growth including annual increases of 2.75% for Duly and MOR, and 10% escalations every five years for Potbelly. All tenants operate under NNN leases, with landlord responsibilities limited to roof, structure, and common area maintenance, which is reimbursed by tenants. Recent capital and lease improvements include a new 20-year warranted roof, full parking lot mill and resurface with 77 spaces, and over $2 million in tenant improvements to deliver medical suites for Duly and MOR. Duly’s build-out features a dermatology and surgical suite. Both MOR and Duly are set to open in 2Q2026, having relocated from nearby locations. The property benefits from access and visibility along Butterfield Rd and I-88. Located in DuPage County, the area features an average household income exceeding $131,000, a million residents, and over 2,400 hospital beds within a 10-mile radius.

Key Highlights

  • 100% leased to high‑quality tenants including Duly Health & Care and Midwest Orthopaedics at Rush, providing stable income.
  • Weighted average lease term of ±12.3 years offers long‑term, secure cash flow.**
  • NNN leases with contractual rent growth minimize landlord responsibilities and increase income.

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Auto Repair Shop Storage Facility Grocery & Convenience Store Garden Center Daycare Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,227
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Medical-anchored strip center with long-term leases in Lombard, Illinois.
Where is this strip mall located?
The property is located at 2830 S Highland Ave Lombard, IL.
What are key features of this property?
This property features: 100% leased to high‑quality tenants including Duly Health & Care and Midwest Orthopaedics at Rush, providing stable income.; Weighted average lease term of ±12.3 years offers long‑term, secure cash flow.**; NNN leases with contractual rent growth minimize landlord responsibilities and increase income.
(312) 782-5800 Call to check price and availability
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