Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    800a-E Roosevelt Rd Lombard, IL 60148
    Back to Search
    Property profile & analytics

    800a-E Roosevelt Rd, Lombard, IL 60148

    View on Map
    • Neighborhood centers
    • 60,843 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 800a-E Roosevelt Rd

    Year built
    1975
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail property, Lombard Square, located at 800a-E E. Roosevelt Rd in Lombard, IL 60148, offers a unique investment opportunity. The 60,843 square foot strip center sits on a one-acre lot and boasts a prime location with high visibility and traffic. Built in 1975 and extensively renovated in 2006, the property is zoned B4A, allowing for a variety of retail uses. Currently, there are two available spaces totaling 9,000 square feet, presenting immediate income potential. Furthermore, there's the exciting possibility of developing a future outlot of up to an additional 5,000 square feet, providing significant expansion opportunities for a savvy investor or tenant. The property's strong history, combined with its strategic location and flexible space options, makes it an ideal choice for businesses seeking a thriving retail environment in the heart of Lombard. With 20,400 square feet currently vacant, this presents a chance to customize and tailor the space to meet specific business needs. Don't miss this chance to secure a prominent retail presence in a highly desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0006
    Latitude
    41.8622

    Comparable in this City

    • Value Estimation by Request
      7,073 SF

      403 North Ave

      Neighborhood centers
      403 North Ave, Lombard, IL 60148
      View Details
    • Value Estimation by Request
      12,996 SF

      821 Roosevelt Rd

      Neighborhood centers
      821 Roosevelt Rd, Lombard, IL 60148
      View Details
    • Value Estimation by Request
      71,874 SF

      451 North Ave

      Retail properties & Spaces
      451 North Ave, Lombard, IL 60148
      View Details
    • Value Estimation by Request
      4,685 SF

      6 St Charles Rd

      Individual retail properties
      6 St Charles Rd, Lombard, IL 60148
      View Details
    • Value Estimation by Request
      2,700 SF

      819 St Charles Rd

      Office Spaces
      819 St Charles Rd, Lombard, IL 60148
      View Details
    • Value Estimation by Request
      13,013 SF

      350 North Ave

      Retail properties & Spaces
      350 North Ave, Lombard, IL 60148
      View Details

    Similar Nearby for Sale

    • $150,000
      0.46 Acres

      Established Halal Restaurant Business

      Turnkey restaurant business opportunity in a prime Lombard location.
      908 E Roosevelt Rd, 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
    • $69,900

      Buildable Wooded Lot For Sale

      Buildable wooded lot in DuPage County, lot size 56x134.
      2-n000 North Vista Ave, Lombard, IL 60148
      View Details
    • Contact for pricing

      Land Available for Sale

      Land available for sale in Lombard, Illinois.
      3 Yorktown Shopping Ctr, Lombard, IL 60148
      View Details
    • $324,999

      Land For Sale

      Land available for sale.
      2N161 Fairfield Ave, Lombard, IL 60148
      View Details
    • $275,000

      Land Opportunity in Lombard, Illinois

      Exceptional land available in Lombard, with potential lot purchase options.
      1171 S School St, Lombard, IL 60148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,702 SF

      Prime Retail Space Available

      High-traffic location with strong demographics, anchor space available.
      501 Roosevelt Rd, Lombard, IL 60148
      View Details
    • Contact for pricing
      25,612 SF

      Retail Space on Roosevelt Road

      Prime commercial location with high traffic and dense population.
      481-533 E Roosevelt Rd, Lombard, IL 60148
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease in Lombard, Illinois.
      801-855 Oak Creek Dr, Lombard, IL 60148
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space in Lombard, Illinois

      Junior and big box retail space available in Lombard.
      1103 S Main St, Lombard, IL 60148
      View Details
    • Contact for pricing
      1 SF

      Retail Outlots Available For Lease

      Outlots available for lease in a shopping center.
      800 East Roosevelt Rd, Lombard, IL 60148
      View Details
    • Contact for pricing

      Retail Space in Lombard Center

      Retail space for lease in established Lombard shopping center.
      2770 South Highland Ave, Lombard, IL 60148
      View Details
    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.
    800a-E Roosevelt 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
    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
    800a-E Roosevelt Rd, Lombard, 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!