949 Oak Creek Dr
Lombard, IL 60148

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Otis Elevator property located in Lombard, IL (the “Property”). The Property consists of a 21,912 square foot industrial & office building on a 1.58-acre parcel of land. Otis has operated from the Property since 2002, and saw a roof replacement in 2014, HVAC and parking lot replacement in 2015, and over $400k of capital improvements in 2019.
The Property is situated in Lombard, IL, a village in DuPage County located 21 miles from downtown Chicago. The Property benefits from outstanding demographics with a population of more than 268,000 residents within a 5 mile radius, and an average household income of more than $148,000. Lombard has an active Metra Station along the Union Pacific West Line (commuter rail), and is served by I-88 (156,000+ VPD), Illinois 110 (30,000+ VPD) and I-355 (121,600+ VPD) as well as Illinois Routes 38, 53, 56, and 64. This proximity to the region’s extensive expressway system is a strength for any industrial property as it provides excellent accessibility to O’Hare International Airport, Midway International Airport, and downtown Chicago all within a 35 minute drive.