1031 Exchange Services in Lombard, IL

Lombard, IL represents a western suburb of Chicago, IL, with a population exceeding 44,000 residents and a commercial real estate market that includes retail centers, office buildings, and multifamily properties. The village's location along major transportation routes, proximity to O'Hare International Airport, and strong retail presence make it an attractive market for 1031 exchange participants.

Investors in Lombard, IL frequently engage in 1031 exchanges to reposition portfolios, transition between property types, or access markets with stronger growth prospects. The village's commercial real estate market benefits from its strategic location, corporate presence, and proximity to Chicago, which drives demand for various property types. Many Lombard-based investors also leverage nationwide property identification services to access replacement properties beyond the Chicago metropolitan area.

Lombard's commercial real estate inventory includes retail centers serving the local community, office buildings housing professional services and corporate tenants, and multifamily developments catering to residents working throughout the Chicago metropolitan area. When executing exchanges, investors must navigate Illinois transfer tax requirements and coordinate with qualified intermediaries to meet the strict 45-day identification and 180-day closing deadlines. Our nationwide identification support helps Lombard investors access replacement properties across the country, whether seeking higher-yielding assets, markets with stronger demographic trends, or properties requiring less active management.

Popular Paths for Lombard, IL

Retail

Retail properties in Lombard, IL benefit from the village's strong retail sector and consumer spending power. The presence of established shopping centers and retail corridors makes retail an attractive replacement property option for exchange participants seeking stable income streams.

Property Identification Concierge

The 45-day identification deadline creates urgency for Lombard investors, making proactive outreach to sponsors and brokers essential. Our concierge service sources and vets replacement options across property types and markets, ensuring investors meet identification requirements with qualified opportunities.

Multifamily

Multifamily properties in Lombard attract exchange participants seeking stable income from the region's strong employment base and proximity to Chicago, IL. Investors often transition from single-tenant commercial properties into multifamily assets to diversify risk and benefit from demographic trends supporting rental demand.

Nationwide Inventory Sourcing

Lombard investors frequently seek replacement properties outside the Chicago metropolitan area to access markets with stronger growth potential or more favorable tax structures. Our nationwide sourcing provides access to vetted assets across all major metros, expanding options beyond the local market.

NNN

Triple net lease properties with investment-grade tenants appeal to Lombard investors seeking passive income and reduced management responsibilities. NNN assets often provide predictable cash flow and long-term lease structures that align with exchange objectives.

Three Property Identification Strategy

The three-property identification rule allows Lombard investors to identify up to three replacement properties regardless of value, providing flexibility in exchange planning. This strategy helps investors maintain options through the closing process while meeting IRS identification requirements.

Example of the type of engagement we can handle

Situation

A Lombard-based investor sold a retail strip center for $2.8 million, triggering a 1031 exchange. The investor sought to transition into triple net lease properties with investment-grade tenants and preferred markets outside the Chicago metropolitan area for better yields and passive income streams.

Our Approach

We deployed our nationwide inventory sourcing service to identify triple net lease properties with credit tenants in markets across the Southeast, Southwest, and West Coast. Our property identification concierge team coordinated with NNN brokers and sponsors to secure three qualified replacement properties, including a pharmacy-anchored retail center in Florida, a fast-food restaurant property in Texas, and a bank branch in Arizona. We provided detailed underwriting packages and coordinated with the qualified intermediary to ensure proper identification documentation using the three-property identification strategy.

Expected Outcome

The investor successfully identified three replacement properties within the 45-day window. The investor closed on the pharmacy-anchored retail center in Florida within 180 days, deferring approximately $420,000 in capital gains taxes while transitioning to a passive income stream with investment-grade tenants, minimal management requirements, and better yield potential than the original retail property.

Frequently Asked Questions

What transfer taxes apply to 1031 exchanges involving properties in Lombard, IL?

Properties in Lombard, IL are subject to Illinois state transfer tax, which applies to both the sale of the relinquished property and the acquisition of the replacement property. The current rate is $0.50 per $500 of consideration. While Lombard does not impose a local transfer tax, investors must budget for state transfer taxes in their exchange planning. Our state transfer tax coordination service helps Lombard investors navigate these requirements and plan accordingly.

Can I identify replacement properties outside of Lombard, IL for my 1031 exchange?

Yes, investors in Lombard, IL can identify replacement properties anywhere in the United States under IRS like-kind exchange rules. Many Lombard-based investors leverage nationwide identification services to access markets with stronger growth prospects, better yields, or more favorable operating environments. Our nationwide inventory sourcing service provides access to vetted replacement properties across all major metropolitan areas, expanding your options beyond the Chicago region.

How do I coordinate a 1031 exchange when selling a property in Lombard, IL?

When selling a property in Lombard, IL for a 1031 exchange, you must engage a qualified intermediary before closing to hold the sale proceeds. The qualified intermediary will facilitate the exchange by receiving funds from the sale and transferring them to the replacement property seller at closing. You have 45 days from the Lombard sale closing to identify replacement properties and 180 days to complete the acquisition. Our qualified intermediary coordination service introduces experienced QIs and ensures proper documentation throughout the process.

What are common replacement property types for Lombard, IL exchange participants?

Lombard, IL exchange participants commonly identify retail, multifamily, triple net lease, and office properties as replacement assets. Many investors transition from single-tenant commercial properties into retail or multifamily assets to diversify risk and improve cash flow. Our property identification concierge service helps Lombard investors source qualified replacement properties across all major asset classes in markets throughout the country.

Services for Lombard, IL

Multifamily Property Identification

Find stabilized and value-add multifamily communities for your 1031 exchange.

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Industrial Property Identification

Source logistics, distribution, and manufacturing assets for 1031 exchanges.

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NNN Property Identification

Triple net lease properties with investment grade tenants for 1031 exchanges.

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STNL Property Identification

Single tenant net lease properties with long-term leases for 1031 exchanges.

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Ready to Start Your 1031 Exchange in Lombard, IL?

Our team specializes in helping Lombard, IL investors identify replacement properties and navigate exchange deadlines. Contact us to discuss your 1031 exchange needs and explore nationwide replacement property opportunities.

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