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    1156 Prairie St Aurora, IL 60506

    Sponsored
    For Sale
    $250,000

    High-traffic location, two 1300 sq ft units.

    Property size:
    2,604 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property at 1156 Prairie Street, Aurora, IL, presents a compelling investment opportunity. The building encompasses two sizable units, each approximately 1,300 square feet, offering immense flexibility for a variety of uses. Each unit boasts large front windows, individual HVAC systems (air conditioning and furnace), and a half-bath, complete with functional gas, plumbing, and electrical connections. The property also includes a significant advantage: ten dedicated parking spaces, a rare find in this desirable location. The building's prime position on a popular Aurora street places it within convenient walking distance to the Aurora Country Club, Aurora University, and a wealth of amenities including grocery stores, shops, dry cleaners, and restaurants. The units' generous size and independent utilities allow for diverse occupancy scenarios, from separate businesses to a single, expansive unit (conversion possible). With its strong location and versatile layout, this property is poised for immediate income generation or future development. The total building size is 2,604 square feet. This is a rare chance to acquire a well-situated mixed-use property in a thriving Aurora neighborhood.

    Property Features for 1156 Prairie St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,604 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.34516
    Latitude
    41.7518

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, two 1300 sq ft units.
    Where is this mixed-use property located?
    The property is located at 1156 Prairie St Aurora, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    (630) 778-1855
    Request Owner's contact information
    1156 Prairie 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
    1156 Prairie St Aurora, IL 60506
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