2860 S Highland Ave, Lombard, IL 60148

RARE VACANT BIG BOX LOCATED IN TOP RETAIL SUBMARKET

The subject property features a 139,265 vacant box that sits on 8.04 acres with direct visibility to Butterfield Road (41,100 VPD), a primary thoroughfare connecting the Oak Brook, Downers Grove, and Lombard trade areas. The property is currently occupied by The Dump, a discount furniture operator, whose lease expires on 9/30/2025. This property presents a unique opportunity for value-add real estate investors to backfill the space and for businesses looking to expand.

B-3 ZONING | FLEXIBILITY WITH FUTURE USE

The subject property is currently zoned B-3, offering a wide array of business uses including Retail, Restaurant, Storage, Auto Services, Hotel, Office, Amusement and Recreation, Health Club, Education, Research Facility, and much more. The Village of Lombard has a long-standing history of providing incentives to current and future businesses in key retail areas.

DOMINANT RETAIL CORRIDOR

The offering is positioned at the “main and main” intersection for the Butterfield Road Trade Area. Butterfield Road (IL-56) and South Highland Avenue are both heavily travelled thoroughfares that carry more than 54,400 vehicles per day combined. The intersection acts as the center of the trade area, with dense retail, office, and hospitality offerings at each corner. The offering is situated between two regional shopping destinations, Yorktown Center and Butterfield Plaza, with additional retail further west with Finley Square and Main Street Square. Yorktown Square is one of the most prominent super regional shopping centers in Illinois, ranked #5 by annual visits, with a total of 6.6 million, and a plethora of national retailers including Von Maur (#1 location in Illinois by visits), JCPenney (#3 location in Illinois by visits), AMC, The Capital Grille, and much more. Other national retailers in the trade area include Target, Walmart, HomeGoods Kohl’s, Dick’s Sporting Goods, Best Buy, Steinhafels, PGA Superstore, PetSmart, Five Below, Ross Dress for Less, among others. The Butterfield Road Trade area consists of 4.9 million SF with an excellent occupancy level of 94%.

PROMINENT OFFICE MARKET | EXCELLENT DAYTIME TRAFFIC

Directly across Butterfield Road from the subject offering are three major office buildings, all comprised of more than 250,000 square feet each. These office buildings are home to major employers including Northwestern Mutal, Prudential Financial, New York Life, Siemens, The Internal Revenue Service, Invesco, KIA, and Health Care Service Corporation. The major offices in the area contribute to an average daytime population within a three-mile radius of the subject property that is 58% higher than the resident population.

PROXIMITY TO MAJOR ROADWAYS

Highland Avenue provides access to Interstate 88 (Ronald Reagan Memorial Tollway) ¼ of a mile south, which connects with Interstate 355 (Veterans Memorial Tollway) just one mile west. These two highway systems are an integral part of access for all western suburbs and cater to over 275,000 vehicles per day.

FAVORABLE DUPAGE COUNTY TAXES

The subject offering is benefits from the low property taxes of DuPage County, where average taxes are less than 1/3 that of counites near Chicago such as Lake, McHenry, and Cook. Actual 2023 Payable 2024 taxes at the subject property were under $2.00 per square foot of building area, approximately $5.00 per square foot lower than the Chicago real estate tax average.