Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1175 Oak Street North Aurora, IL 60542

    View on Map
    For Sale
    $1,750,000

    COMMERCIAL - North Aurora, IL

    Type:Retail
    Lot size:
    1.38 Acres
    Added:
    Jun 12, 2023
    Days on Market:
    1026
    Last Refresh:
    Apr 2 at 11:06 am

    Property Features for 1175 Oak Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active
    APN
    1505134002
    Lot size
    1.38 Acres

    Taxes and HOA fees

    TaxYear
    2022
    TaxAnnualAmount
    20923

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Floors in Building
    1
    Building materials
    Brick, Block, Stucco

    We can help!

    Listing Contact
    Anthony Brummel
    Anthony Brummel

    Listing agent Anthony Brummel License #471015302

    Listing office Brummel Properties, Inc. 58 Chicago Road, Oswego, IL

    Listing date Jun 12, 2023

    MLS# 11806537

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Aurora Commercial Opportunity

    This commercial property is located at the intersection of Randall Road and Oak Street in North Aurora, Illinois. Situated on a 1.38-acre lot, the property offers a value-add opportunity for an owner-user. The property includes a long-term tenant and the opportunity to occupy up to 8,862 square feet. The property is zoned COMMR. It is positioned near national retailers, including Walgreens, Aldi, Country Financial, Pet Supplies Plus, and Anytime Fitness.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tommy & Sons Electricians Electrical Service On the Edge Salon & Spa Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • North Aurora Plaza — 961 Oak St, North Aurora, IL 60542
    • Clock Tower Plaza — 19 S Randall Rd, North Aurora, IL 60542

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3537402
    Latitude
    41.8079992

    Nearby Similar for Sale

    • $24
      21,476 SF

      Upscale Retail Center on Orchard

      High-visibility retail center anchored by Rush Copley and Brothers Chimp.
      1037-1061 W Orchard Road, North Aurora, IL 60542
      View Details
    • $1,350,000
      20,000 SF

      North Aurora Office Building For Sale

      20,000 SF office building with expansion potential and ample parking.
      101 Overland Dr, North Aurora, IL 60542
      View Details
    • $5,995,000
      3,000 SF

      Retail Space Near Interstate 88

      Retail space with high traffic and long-term tenants.
      1600-1800 Orchard Gateway Blvd, North Aurora, IL
      View Details
    • $5,995,000
      35,316 SF

      Pickleball Kingdom Leased Investment Property

      10.5-year lease in North Aurora Towne Center.
      1700 Orchard Gateway Blvd, North Aurora, IL 60542
      View Details
    • Contact for pricing
      52,266 SF

      North Aurora Office Building

      52,266 SF office building in North Aurora, Illinois.
      150 S Lincolnway, North Aurora, IL 60542
      View Details
    • Contact for pricing
      3,528 SF

      North Aurora Office Space

      Office space available in North Aurora, Illinois.
      108 John St, North Aurora, IL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Value-add property with long-term tenant and owner-user potential.
    Where is this shopping center located?
    The property is located at 1175 Oak Street North Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Opportunity to occupy up to **8,862 SF**; Value‑add / Owner user property; Long‑term tenant in place
    (630) 551-8005
    We can help!
    Listing Contact
    Anthony Brummel
    Anthony Brummel
    Real Estate License ID: 471015302
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!