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    3 Yorktown Shopping Ctr Lombard, IL 60148
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    Property profile & analytics

    3 Yorktown Shopping Ctr Lombard, IL 60148

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    • Medical Office Space
    • 6,301 SF
    • 0.84 lot acres
    For Sale
    $1,440,000
    View Listing →
    Land Available for Sale For Sale
    $1,440,000

    Land Available for Sale

    Land available for sale in Lombard, Illinois.

    3 Yorktown Shopping Center, Lombard, IL 60148
    View Listing
    Property ID
    US28-3422549
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    4.9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 3 Yorktown Shopping Ctr

    Year built
    2008
    Lot size
    0.84 lot acres
    Property size
    6,301 SF
    Zone code
    C
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    06-29-101-019
    APU
    629101019

    Description

    This 1.48-acre parcel, located at 3 Yorktown Shopping Center in Lombard, Illinois (zip code 60148), is zoned B3 for Community Shopping District use. The property features approximately 315 feet of frontage along Highland Avenue and offers direct ingress/egress via a perimeter road providing convenient access to Yorktown Center. The site's strategic location is at a signalized entrance point to the mall, presenting significant visibility and accessibility. The APN is 06-29-101-037, -036, and the property is situated in DuPage County. This exceptional location offers high traffic counts and proximity to established residential subdivisions, making it an attractive opportunity for developers seeking a high-impact commercial development site. The land is currently available for sale. This property presents a unique opportunity to capitalize on the strong retail environment and high-density residential areas surrounding Yorktown Center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,720,000
      ML approach
      $1,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,285,000
      7%
      $1,195,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,093,000
      Market price range: $617k - $1.09M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $2,230,000
      Change: +57% Conversion: Difficult
      RESTAURANT
      $1,960,000
      Change: +38% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,290,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lombard
    County
    Dupage
    State
    Illinois
    Longitude
    -88.0105
    Latitude
    41.8426
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,841
    $127,650
    $380,230
    $507,880
    -
    $382,950
    $1,140,690
    $1,523,640

    Comparable in this City

    • Value Estimation
      $10,470,000
      46,846 SF

      1801 Highland Ave

      MEDICAL BUILDING • 46,846 SF
      1801 Highland Ave, Lombard, IL 60148-4932
      View Details
    • Value Estimation by Request
      2,052 SF

      2340 Highland Ave Ste, Unit 150

      MEDICAL BUILDING • 2,052 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5395
      View Details
    • Value Estimation by Request
      1,635 SF

      2340 Highland Ave Ste, Unit 370

      MEDICAL BUILDING • 1,635 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5397
      View Details
    • Value Estimation by Request
      1,336 SF

      2340 Highland Ave Ste, Unit 350

      MEDICAL BUILDING • 1,336 SF
      2340 Highland Ave Ste, Lombard, IL 60148-7134
      View Details
    • Value Estimation by Request
      1,635 SF

      2340 Highland Ave Ste, Unit 230

      MEDICAL BUILDING • 1,635 SF
      2340 Highland Ave Ste, Lombard, IL 60148-5396
      View Details
    • Value Estimation by Request
      1,635 SF

      2340 Highland Ave

      MEDICAL BUILDING • 1,635 SF
      2340 Highland Ave, Lombard, IL 60148-5371
      View Details

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      Lombard Office/Medical Space Available

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      Lombard Flex/Industrial Space Available

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      Lombard Office Space For Sale

      Office space for sale near Yorktown Mall and I-88.
      700 E Butterfield Rd, Lombard, IL 60148
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      Office Space at Butterfield Centre

      Office space for sale with upcoming renovations and many amenities.
      720 E Butterfield Rd, Lombard, IL 60148
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    Similar Nearby for Lease

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      4,562 SF

      Lombard Industrial Space For Lease

      Industrial, flex, and office units available in Yorkbrook Business Park.
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      View Details
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      Lombard Flex/Industrial Space for Lease

      Flex/industrial units available in Yorkbrook Business Park, Lombard, IL.
      449 Eisenhower Ln S, Lombard, IL 60148
      View Details
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      Office Space Near I-355, I-88

      Office space for rent in Lombard, Illinois near I-355/I-88.
      1700 Finley Rd, Lombard, IL 60148
      View Details
    • $21 SF/Yr
      18,899 SF

      Office Building with Redundant Power

      Two-building office complex with redundant power and security features.
      360 E 22Nd St, Lombard, IL 60148
      View Details
    • Contact for pricing
      5,229 SF

      Lombard Office Space for Rent

      Flexible office space with mature landscaping and convenient parking.
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      View Details
    • Contact for pricing
      1,750 SF

      Lombard Office Space For Rent

      Office space with a mix of offices and open space.
      555 E Butterfield Rd, Lombard, IL 60148
      View Details
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    Lombard, IL 60148
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    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.

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