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    597 Lake St Aurora, IL 60506

    For Sale
    $569,900

    High-Visibility Retail & Updated Apartment

    Property size:
    3,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional Aurora investment opportunity presents a fully updated mixed-use building offering significant income potential. The main floor comprises a 3,750 square foot retail space with high visibility, boasting an ADA-compliant handicapped-accessible entrance and a full basement. A separate, beautifully renovated 3-bedroom, 2-bathroom apartment occupies the upper level, complete with a laundry room, sunroom, and modern kitchen. Each unit features separate utilities for maximized income generation. The property also includes a convenient 2.5-car garage and a private parking lot, adding to its appeal. Recent upgrades include a new roof, siding, and gutters installed in 2024, ensuring long-term value and reduced maintenance costs. This turnkey property is ideal for investors seeking a strong return on investment in a desirable Aurora location. Serious inquiries only

    Property Features for 597 Lake St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,750 SF

    Building Details

    Year Built
    1915
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Niffy African Store African Goods Store Niffy African Store ... African Goods Store United Mortgage Network Mortgage Lender

    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
    -88.33141
    Latitude
    41.75036

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Retail & Updated Apartment
    Where is this commercial real estate located?
    The property is located at 597 Lake St Aurora, IL.
    What is the asking price?
    The asking price for this property is $569,900.
    (773) 631-8300
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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
    597 Lake St Aurora, IL 60506
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