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    218-220 S Lake St Aurora, IL 60506

    New
    For Sale
    $350,000

    Mixed Use - Aurora, IL

    Type:Mixed Use
    Property size:
    924 SF
    Days on Market:
    3
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 218-220 S Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    1521476007
    Size
    924 SF

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Architectural style
    Other

    Keller Williams Innovate (630) 423-8223 [email protected]

    Listing agent Anai Rodriguez (630) 423-8223 License #475207158

    Listing date Dec 5, 2025

    MLS# 12484378 Listing URL

    Copyright © 2025 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

    Mixed-Use Commercial Space with Apartment

    This mixed-use property features a two-story commercial space and a residential apartment. The main level offers a spacious commercial storefront with visibility and traffic along S Lake St, suitable for retail, office, or service-based operations. The walk-out basement is fully accessible and ideal for storage, studio use, or workshop space. The second floor features a bright, well-maintained one-bedroom apartment with a private entrance, suitable for an owner-occupant, on-site manager, or traditional rental. A large private parking lot offers approximately 15 parking spaces. Located near downtown Aurora, the property benefits from high visibility and proximity to public transportation, restaurants, shopping, and local attractions. The flexible layout provides possibilities for creating an environment to fit business needs. The property includes a second parcel, currently used as a parking lot for the existing commercial building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.323422
    Latitude
    41.7559062

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space, apartment, and parking.
    Where is this mixed-use property located?
    The property is located at 218-220 S Lake St Aurora, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Mixed-use property featuring commercial space and a residential apartment.; - Large private parking lot with approximately 15 spaces.; - **High-visibility commercial storefront on S Lake St**.
    (630) 423-8223
    Request Owner's contact information
    218-220 S Lake St Aurora, IL 60506
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    Aurora, IL 60506
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    Realmo Value Estimation

    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.

    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.

    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
    218-220 S Lake St Aurora, IL 60506
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