Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Building in Lombard, Illinois Title is generated by Realmo AI

    2860 S Highland Ave Lombard, Lombard, IL 60148

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building in Lombard's dense retail pocket available for sale.

    Type:Retail
    Property size:
    139 SF
    Added:
    Sep 12, 2025
    Days on Market:
    250
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 2860 S Highland Ave Lombard

    General Information

    Standard status
    Active
    Size
    139 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    George Ghattas

    Listing agent George Ghattas

    Listing office Mid-America Real Estate Group | Chicago

    Listing date Sep 12, 2025

    Source Midamericagrp

    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 Mid-America Real Estate Group | Chicago

    HighLights

    • Located in the heart of the Lombard Retail Trade Area.
    • Situated in one of the most dense retail pockets in suburban Chicago.
    • Offers fee simple interest.
    • Retail building built in 2001.
    • Located at 2860 S Highland Avenue, Lombard, Illinois.

    Overview

    The property at 2860 S Highland Avenue is a retail building located in Lombard, Illinois. Situated in the center of the Lombard Retail Trade Area, the property offers access to a dense retail area within suburban Chicago. The building has a size of 139 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0145
    Latitude
    41.8366

    Nearby Similar for Sale

    • $150,000

      Established Halal Restaurant Business

      Turnkey restaurant business opportunity in a prime Lombard location.
      908 E Roosevelt Road, Lombard, IL 60148
      View Details
    • $359,000
      2,166 SF

      Lombard Office Building Investment

      2,166 SF vacant building in thriving Lombard business district.
      315 S Main St, Lombard, IL 60148
      View Details
    • $16
      211,528 SF

      Lombard Office Space For Sale

      Office space for sale near Yorktown Mall and I-88.
      700 E Butterfield, Lombard, IL 60148-6006
      View Details
    • $16
      125,719 SF

      Office Space at Butterfield Centre

      Office space for sale with upcoming renovations and many amenities.
      720 E Butterfield, Lombard, IL 60148
      View Details
    • Contact for pricing
      16,068 SF

      Lombard Flex/Industrial Space Available

      Flex/industrial space in Yorkbrook Business Park, Lombard, IL.
      400-420 Eisenhower Lane, Lombard, IL 60148
      View Details
    • Contact for pricing
      21,071 SF

      Medical-Anchored Strip Center For Sale

      Medical-anchored strip center with long-term leases in Lombard, Illinois.
      2830 S Highland Ave, Lombard, IL 60148
      View Details
    • $341,000
      40,170 SF

      Updated Office Condo Near Highway

      Modern 2,200 SF office condo with flexible layout.
      101 W 22nd St., Suite 106, Lombard, IL 60148
      View Details
    • $1,250,000

      Commercial Property on Roosevelt Road

      Commercial property for sale on Roosevelt Road in Lombard, IL.
      18W455 Roosevelt Road, Lombard, IL 60148
      View Details
    • Contact for pricing
      125,836 SF

      Roosevelt Plaza Shopping Center

      125,836 square foot shopping center in Lombard, Illinois.
      201 W Roosevelt Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      2,669 SF

      Lombard Flex Space Available

      Flex space with immediate highway access and on-site management.
      421-449 Eisenhower Ln S, Lombard, IL
      View Details
    • Contact for pricing
      32,113 SF

      Lombard Flex Space For Sale

      Flex space with access to major highways and amenities.
      401-419 Eisenhower Ln S, Lombard, IL
      View Details
    • Contact for pricing
      27,298 SF

      Lombard Warehouse with Secured Storage

      27,298 SF warehouse with fenced, secured outside storage.
      600 E Western Ave, Lombard, IL
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail building in Lombard's dense retail pocket available for sale.
    Where is this retail property located?
    The property is located at 2860 S Highland Ave Lombard Lombard, IL.
    What are key features of this property?
    This property features: Located in the heart of the Lombard Retail Trade Area.; Situated in one of the most dense retail pockets in suburban Chicago.; Offers fee simple interest.
    (630) 954-7398
    We can help!
    Listing Contact
    George Ghattas
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2860 S Highland Ave | Lombard, IL 60148, IL 60148
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!