230 Main StLombard, IL 60148

Property Details for 230 Main St

Year built

1972

Lot size

0.19 AC

Property size (Sq ft)

3,312 SF

Zone code

C

Property type

Retail space

APN

06-07-217-014

APU

607217014

Description

This exceptional 3,312 square foot mixed-use commercial building presents a fantastic opportunity for entrepreneurs seeking a thriving business location in the heart of downtown Lombard, Illinois. Situated on a corner lot at 230 S Main Street, this free-standing building enjoys high visibility and significant foot traffic. Currently operating as a martial arts studio, the property offers versatile space adaptable to a wide range of businesses. Its proximity to the Metra station (just two blocks away) provides convenient access for commuters and employees. The building's prime location ensures excellent exposure to potential customers. While limited showing hours are in place due to existing classes, the motivated seller is eager to facilitate a quick sale. This property is priced to sell and represents a rare chance to acquire a well-positioned commercial space in a desirable and bustling downtown area. The building's size and location make it an ideal investment for those seeking a strong return on their investment. Don't miss this chance to establish your business in a vibrant and accessible location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $879,091

  6.5%

  $811,468

  7%

  $753,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $847,337

  Geo Method

  $1,087,098

• Alternative Use

  Use

  Valuation

  Residential

  $684,504

  Hospitality

  $627,002

  Educational

  $521,658

  Medical

  $539,599

  Retail

  $811,468

Location Insight

City

Lombard

County

Dupage

State

Illinois

Latitude

41.8829

Longitude

-88.0186

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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