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    550 Galena Blvd Aurora, IL 60506

    Sponsored
    For Sale
    $299,900

    Prime Aurora location, commercial & residential potential.

    Property size:
    3,019 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property in Aurora, Illinois, presents a unique investment opportunity. The 3,019 square foot building, available for the first time in 25 years, sits on a 14,256 square foot lot (72 x 198 feet) and offers a blend of commercial and residential space. The first floor encompasses 1,538 square feet of commercial space, featuring a reception area, three private offices, a large hall, two storage areas, a restroom, and a kitchenette. Modern finishes include vinyl plank flooring, dropped ceilings, and fluorescent lighting. A 1,509 square foot basement provides ample storage or potential for expansion. Conveniently located off Galena Road, the property boasts a recently repaved and striped parking lot with 15 spaces, including one handicap-accessible spot. Upstairs, a nearly 1,500 square foot, two-bedroom apartment with a spacious living room, kitchen with dinette and large pantry, and a full bath offers significant rental income potential following rehabilitation. The building features maintenance-free aluminum siding and includes an illuminated business sign. Its prime location, two miles west of downtown Aurora, offers proximity to new restaurants, stores, Aurora University, Orchard Road shopping, and easy access to I-88. The property is being sold "as is," presenting a fantastic opportunity for investors or business owners seeking to capitalize on a desirable location and create substantial value.

    Property Features for 550 Galena Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,019 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Thomas E Smith ... Tax Preparation Service

    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
    -88.32867
    Latitude
    41.76108

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Aurora location, commercial & residential potential.
    Where is this mixed-use property located?
    The property is located at 550 Galena Blvd Aurora, IL.
    What is the asking price?
    The asking price for this property is $299,900.
    (630) 778-1855
    Request Owner's contact information
    550 Galena Blvd 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
    550 Galena Blvd Aurora, IL 60506
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