Your complete guide to business transactions in the "Lilac Village" of DuPage County. Market insights, local regulations, and expert resources.
Lombard, known as the "Lilac Village," is a vibrant community in DuPage County with approximately 44,000 residents. The village offers a diverse business environment with a charming downtown, major retail corridors, and excellent transportation access via Metra and major highways.
The village features Yorktown Center, one of the region's major shopping destinations, along with a revitalized downtown district. Lombard is home to diverse businesses ranging from retail and restaurants to professional services and healthcare. The annual Lilac Festival draws visitors from throughout the region, supporting local businesses.
| Metric | Value |
|---|---|
| Population | 44,000 |
| Total Businesses | 2,500+ |
| Average Business Sale Price | $295,000 |
| Median Time to Sell | 7 months |
| Top Industries | Retail, Restaurants, Healthcare, Professional Services, Personal Services |
| Region | DuPage County / Western Suburbs |
Lombard's diverse economy and strong retail presence create opportunities for business sellers. Here's what you need to know about selling in the Lombard market:
Lombard offers diverse business opportunities in a well-established suburban market. Here's what buyers should know:
Yorktown Center and local retail.
Diverse dining options throughout village.
Medical and dental practices.
Accounting, legal, and business services.
Salons, spas, and personal care.
Gyms, studios, and wellness centers.
Lombard offers Yorktown Center's regional draw, a charming downtown, the annual Lilac Festival, and excellent transportation access. The diverse economy supports multiple business types.
Yorktown Center is a major regional shopping destination that draws customers from throughout DuPage County. Businesses in and near the center benefit from high traffic, though they also face competition from national retailers.
Restaurants, retail, healthcare, professional services, and personal services are in demand. Businesses that complement Yorktown Center or serve the downtown community tend to perform well.
Yes, SBA loans are available through DuPage County lenders. Local community banks often provide competitive terms. Seller financing is also common for qualified buyers.
Get expert guidance for your Lombard business transaction.