Aurora Commercial Property For
610 - 628 N Broadway Aurora, IL 60505
610 - 628 N Broadway, Aurora, IL, 60505
$2,400,000
For Sale
$2,400,000
COMMERCIAL - Aurora, IL
Property Size17,000 SF
Lot Size1.91 Acres
Price / SF$141.18
Days on Market119
Property Features for 610 - 628 N Broadway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1515451029
- Size
- 17,000 SF
- Lot size
- 1.91 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 23597
Building Details
- Year built
- 1931
- Floors in Building
- 1
- Number of units
- 11
Listing agency
Century 21 Circle
(630) 369-2000
Listed by
Karen Kramford · License #477013569
(630) 369-2000
Added: Mar 26 Updated: May 13 at 10:28PM Checked: Jul 22 at 10:06AM
MLS# 12538329
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.
Investment Insights
Based on property information with market context.
This three-parcel property, totaling approximately 83,400 square feet (1.92 acres), is located on N. Broadway in Aurora, Illinois, part of the Illinois Technology and Research Corridor. The M-1 zoning allows for various uses, including development into townhomes or higher-density housing. The property features three buildings: a 15,400-square-foot building accommodating five tenants, and two additional buildings of 1,300 and 300 square feet each, hosting one tenant. This setup provides a steady income stream. The location is just blocks from the train station and the central business district. Nearby retail centers offer a variety of dining options, including sit-down and drive-through choices. Recreational activities are abundant, including biking or walking along the Fox River, golfing at local courses, and shopping at the Outlet Mall and Fox Valley Mall. Ample off-street parking is available. The property is suitable for business growth and development.
Key Highlights
- M‑1 zoning allows for workspace, investment property, townhomes, or higher‑density housing development
- Existing income stream from a 15,400 sq ft building with five tenants and two additional buildings
- Large property: Approximately 83,400 square feet (1.92 acres)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.0k | $15.00 |
| − Vacancy | −$19.1k | −$1.13 |
| EGI | $235.9k | $13.88 |
| − OpEx | −$70.8k | −$4.16 |
| NOI | $165.1k | $9.71 |
17,000 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$3.58M
$3.14M – $4.18M
NOI $250,920 @ 7.0% cap · market cap 10.46%
Second Best
Mixed Use
$3.28M
$2.87M – $3.83M
NOI $229,500 @ 7.0% cap · market cap 9.56%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,680 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Illini Legal Services ...
Law Firm
Colima Auto Repair
Auto Repair Shop
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FAQs
What type of property is this?
Mixed-use property - Three-parcel property with income potential in Aurora, Illinois.
Where is this mixed-use property located?
The property is located at 610 - 628 N Broadway Aurora, IL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: M‑1 zoning allows for workspace, investment property, townhomes, or higher‑density housing development; Existing income stream from a 15,400 sq ft building with five tenants and two additional buildings; Large property: Approximately 83,400 square feet (1.92 acres)
