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Lombard, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lombard, Illinois Market population: 43K. Compare commercial properties across all major asset classes with...

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⭐ Featured

Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Lombard IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Lombard IL Properties: 2.3600%

πŸ“Š Average Income For Lombard IL Commercial Property: $68,873

Investor Questions For Lombard IL

Common questions from investors exploring commercial real estate in Lombard IL.

What is the overall investment potential of Lombard, IL? +
The 6.6% poverty rate combined with 40.5 median age and $68,873 median household income suggests a stable market with a strong workforce, while the 29% of population with health insurance coverage indicates a relatively stable tenant base, and with top industries like Finance & Insurance, and Real Estate & Rental & Leasing, Construction, it's a great place to invest.
How does ethnic diversity impact market demand in Lombard, IL? +
The city's diverse population with 42.9% White, 39.3% White Non-Hispanic, and 6.2% Asian, along with a 17.4% foreign born rate, suggests a culturally rich and dynamic market, and with a median property value of $241,700, it indicates a strong demand for housing, especially with a relatively low poverty rate of 6.6% and high median household income of $68,873.
What are the key factors to consider for rental yields in Lombard, IL? +
The median property value of $241,700, median household income of $68,873, and a poverty rate of 6.6% indicate a relatively stable rental market, and with top industries like Finance & Insurance, and Real Estate & Rental & Leasing, Construction, it suggests a strong demand for rentals, especially with a relatively high employment rate and low income inequality with a GINI coefficient of 0.379.
How does the commute time and transportation infrastructure impact the quality of life for residents in Lombard, IL? +
Although the exact commute time is not provided, the fact that the city has a strong employment base with top industries like Finance & Insurance, and Real Estate & Rental & Leasing, Construction, suggests that the commute time is likely reasonable, and with a median age of 40.5 and median household income of $68,873, it indicates that residents have a relatively high quality of life, and a poverty rate of 6.6% and health insurance coverage of 29% of population suggests access to resources and stability.
What are the implications of the income inequality and poverty rate on the overall stability of the housing market in Lombard, IL? +
The relatively low poverty rate of 6.6% and a GINI coefficient of 0.379 indicates a relatively stable and equitable market, and with a median household income of $68,873 and median property value of $241,700, it suggests that the housing market is relatively resilient to economic downturns, and the diverse population with 42.9% White, 39.3% White Non-Hispanic, and 6.2% Asian, along with a 17.4% foreign born rate, adds to the market's stability and demand.

Lombard IL Real Estate & City Facts

Key facts and real estate information about Lombard IL.

What are some of the best neighborhoods to live in Lombard? +
Some of the best neighborhoods to live in Lombard include Schafer and Morningside, which are known for their affordability and desirable locations. The central parts of the city tend to be more desired, while more affordable homes can be found in the northwest regions. Neighborhoods like Glen Ellyn and Wheaton are also great options, with easy access to the UP-W Metra line and the Prairie Path multi-use trail.
What are some fun things to do in Lombard? +
Lombard has a variety of fun things to do, including visiting Lilacia Park, Yorktown Center, and the Noon Whistle Brewing Company. You can also explore the Maple Street Chapel, the Lombard Historical Society, and the Arts Center. For outdoor activities, check out the DuPage Wildlife Conservation Center and the Salt Creek Butterfly Farm. There are also plenty of great restaurants and bars to choose from, like Game Show Battle Rooms and Immersive Gamebox.
What is the food scene like in Lombard? +
The food scene in Lombard is diverse and exciting, with a range of restaurants serving everything from Greek cuisine at Greek Islands Restaurant to Italian food at Avanzare Italian Restaurant. You can also find great burgers and beers at Miller's Ale House, or try some upscale dining at The Capital Grille. There are also plenty of great food trucks and casual eateries to choose from, like Babcock's Grove House and Rosemary And Jeans.
What are the pros and cons of living in Lombard? +
The pros of living in Lombard include its desirable location, with easy access to Chicago and other surrounding suburbs. The city also has a strong sense of community, with plenty of parks, restaurants, and cultural attractions to enjoy. However, some cons of living in Lombard include the relatively high cost of living, with median house values over $260,000. Traffic and parking can also be a challenge in some areas, especially during rush hour.
Is Lombard a good place to live? +
Overall, Lombard is a great place to live, with a unique blend of small-town charm and big-city amenities. The city has a strong economy, with a mix of industries including finance, healthcare, and education. While it may not be the most affordable option, Lombard's desirable location, good schools, and high quality of life make it a great choice for families, professionals, and retirees alike. As with any city, there are pros and cons to consider, but Lombard is definitely worth considering if you're looking for a great place to call home.
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