Single-Story Flex
For Sale
Contact for pricing
400 Eisenhower Ln N, Lombard, IL 60148
I (Limited Industrial District) zoning supports a flexible commercial building with office and industrial functionality.
Property Size39,306 SF
Price / SF$98.28
Days on Market20
Property Features for 400 Eisenhower Ln N
General Information
Standard status
Active
Size
39,306 SF
Class
B
Total Parking Spaces
124
Property subtype
Office, Industrial
Zoning
I (Limited Industrial District)
Occupancy
81%
Investment Type
Value Add
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
NAI Hiffman
(630) 317-0729
Listed By:
Tom Gnadt · License #475180995
Source:
Crexi
Added: Aug 11
Changed: Aug 29
Last Checked: Aug 29 at 5:00PM
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 NAI Hiffman
Investment Insights
Based on property information with market context.
This 39,306-square-foot flex property is a single-story building constructed in 1979, combining office areas with adaptable commercial space. Up to 7,440 SF can be occupied immediately, while additional space remains available for leasing. The property is zoned I (Limited Industrial District).
Located at 400 Eisenhower Ln N in Lombard, the building sits within Yorkbrook Business Park. Regional access is provided by nearby I-88 and I-355, with connections in multiple directions. Yorktown Mall and the retail, dining, and service businesses along 22nd Street are also close to the property, adding convenience for occupants and employees.
Located at 400 Eisenhower Ln N in Lombard, the building sits within Yorkbrook Business Park. Regional access is provided by nearby I-88 and I-355, with connections in multiple directions. Yorktown Mall and the retail, dining, and service businesses along 22nd Street are also close to the property, adding convenience for occupants and employees.
Key Highlights
- 39,306‑square‑foot single‑story flex/office building
- Up to 7,440 SF available for immediate occupancy
- I (Limited Industrial District) zoning
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
$169,199
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
4.38%
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%
$3,383,980
$3.4M
Cap Rate 7%
$2,417,129
$2.4M
Cap Rate 9%
$1,879,989
$1.9M
Market Conditions
NOI Build-Up for 39,306 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
$254.7K $6.48/SF
− Vacancy
−$13.0K −$0.33/SF
EGI
$241.7K $6.15/SF
− OpEx
−$72.5K −$1.84/SF
NOI
$169.2K $4.30/SF
Area
DuPage County, IL
Vacancy
5.10%
Lease Rate
$6.48 /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%
$3,383,980
Cap Rate 7%
$2,417,129
Cap Rate 9%
$1,879,989
Alternative Uses
Best Use
Office B
$7.74M
$6.77M – $9.03M
NOI $541,965 @ 7.0% cap · market cap 14.03%
Second Best
Flex RnD
$5.91M
$5.17M – $6.90M
NOI $413,892 @ 7.0% cap · market cap 10.71%
Theoretical Best
Office A
$13.57M
$11.87M – $15.83M
NOI $949,940 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,863
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?
Flex space - I (Limited Industrial District) zoning supports a flexible commercial building with office and industrial functionality.
Where is this flex space located?
The property is located at 400 Eisenhower Ln N Lombard, IL.
What is the asking price?
The asking price for this property is $3,863,000.
What are key features of this property?
This property features: 39,306‑square‑foot single‑story flex/office building; Up to 7,440 SF available for immediate occupancy; I (Limited Industrial District) zoning
