Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1127 Dearborn Ave Aurora, IL 60505

    For Sale
    $925,000

    High-rent potential, 3-unit building. Needs TLC.

    Property size:
    21,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 21,200 square foot building, located at 1127 Dearborn Avenue in Aurora, Illinois, presents a unique investment opportunity. Situated on the east side of Aurora, near Farnsworth Avenue and with convenient access to I-88, this three-unit structure boasts a rich history as a multi-tenant auto repair facility for many years. Each unit is well-suited for auto repair, body work, or similar automotive services. A paint booth is included within the building, adding significant value for potential automotive businesses. However, the versatility of this property extends beyond automotive uses. The spacious layout and ample square footage make it equally suitable for various industrial or warehouse operations. While the building would benefit from some cosmetic improvements and general maintenance ("TLC"), the substantial rental income potential is a key selling point. Projections indicate an annual rental income of approximately $150,000, representing a strong return on investment. This property is a rare find in a desirable location, offering significant upside for the right buyer. The building sits on a lot with no acreage listed. This is a prime opportunity to acquire a well-located, multi-unit building with significant income potential.

    Property Features for 1127 Dearborn Ave

    General Information

    Property type
    Investment properties
    Square Feet
    21,200 SF

    Building Details

    Year Built
    1977
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -88.28734
    Latitude
    41.76694

    Nearby Similar for Sale

    • $350,000
      3,000 SF

      Aurora Office Building with Hall

      Two-story office building with meeting hall and new parking lot.
      412 Hankes Ave, Aurora, IL 60505
      View Details
    • $750,000
      9,000 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $300,000
      8,190 SF

      Multi-Tenant Office Building Near Downtown

      Established office building near downtown Aurora, ideal for various businesses.
      411 W Galena Blvd, Aurora, IL 60506
      View Details
    • $575,000
      3,800 SF

      Remodeled 6-Unit Multifamily Investment

      Remodeled 6-unit building in Aurora, fully leased and cash flowing.
      168 S Lincoln Ave, Aurora, IL 60505
      View Details
    • $304,900
      0.12 Acres

      All-Brick Duplex in West Aurora

      Well-maintained duplex with strong rental income potential in Aurora, IL.
      909 Bishop Ave, Aurora, IL 60506
      View Details
    • $895,000
      2,190 SF

      Turnkey Salon Business Opportunity

      Fully leased salon suites with high-end finishes and strong income.
      3941 75Th St, Aurora, IL 60504
      View Details

    FAQs

    What type of property is this?
    Investment property - High-rent potential, 3-unit building. Needs TLC.
    Where is this investment property located?
    The property is located at 1127 Dearborn Ave Aurora, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    (630) 236-3600
    Request Owner's contact information
    1127 Dearborn Ave Aurora, IL 60505
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1127 Dearborn Ave
    Aurora, IL 60505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1127 Dearborn Ave Aurora, IL 60505
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.