Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Woodman's Market Title is generated by Realmo AI

    106-112 Hansen Blvd, North Aurora, IL 60542

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space located on Orchard Rd near Woodman’s Markets.

    Type:Retail
    Added:
    Jan 17, 2022
    Days on Market:
    1586
    Last Refresh:
    May 12 at 10:56 pm

    Property Features for 106-112 Hansen Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 106-112 Hansen Blvd Contact us

    We can help!

    Listing Contact
    Mike Wesley

    Listing agent Mike Wesley License #IL 471006736

    Listing office Edgemark Commercial Real Estate Services

    Listing date Jan 17, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Edgemark Commercial Real Estate Services

    HighLights

    • Springs at Orchard Road Apartments.
    • Located on Orchard Rd in front of Woodman’s Markets.
    • 1 mile north of the I‑88 Interchange.
    • Gated apartment community.
    • 300‑unit apartment community.
    • Now open.

    Overview

    This retail space is located on Orchard Rd in front of Woodman’s Markets, approximately 1 mile north of the I-88 Interchange. The property is near Springs at Orchard Road Apartments, a gated community featuring 300 units, which is now open.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3715594
    Latitude
    41.806072

    Nearby Similar for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Randall Road

      Retail space available in busy North Aurora corridor.
      479 S Randall Road, North Aurora, IL 60542
      View Details
    • $18 SF/Yr
      10,200 SF

      Medical/General Office Space Available

      Medical or general office space for lease near I-88.
      82 Miller Dr, North Aurora, IL 60542
      View Details
    • Contact for pricing
      1,388 SF

      North Aurora Commercial Space Available

      1388 SF commercial space for rent in North Aurora.
      200 Butterfield Road, North Aurora, IL 60542
      View Details
    • $15 SF/Yr
      902 SF

      Retail Space in North Aurora

      902 SF retail space available for lease.
      111 Oak St, North Aurora, IL
      View Details
    • Contact for pricing
      23,243 SF

      North Aurora Warehouse Sublease Opportunity

      Warehouse space available for sublease in North Aurora, Illinois.
      313-325 Airport Road, North Aurora, IL 60542
      View Details
    • $14 SF/Yr
      750 SF

      Retail Space in North Aurora

      750 SF retail space available for lease.
      111 S Lincolnway, North Aurora, IL
      View Details
    • Contact for pricing
      46,124 SF

      Industrial Space Sublease Opportunity

      Sublease opportunity with office space and multiple docks.
      313-325 Airport Road, North Aurora, IL 60542
      View Details
    • Contact for pricing

      Retail Space Near Interstate 88

      Retail space with high traffic exposure near Interstate 88.
      1610-1780 Orchard Gateway Blvd | North Aurora, IL 60542
      View Details
    • Contact for pricing
      408,195 SF

      North Aurora Distribution Warehouse

      408,195 SF distribution warehouse with expansion options available for lease.
      320 Overland Dr, North Aurora, IL
      View Details
    • Contact for pricing

      North Aurora Medical Office Space

      Plug and play medical office in a visible location.
      140 Hansen Blvd, North Aurora, IL 60542
      View Details
    • Contact for pricing
      429,610 SF

      North Aurora Industrial Campus

      Class A industrial spaces with immediate I-88 access.
      Fairview Drive & Sullivan Road, North Aurora, IL 60542
      View Details
    • Contact for pricing
      3,120 SF

      Retail Space Near Woodman's Market

      Retail space available on Orchard Rd near I-88.
      106-114 Hansen Blvd, North Aurora, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space located on Orchard Rd near Woodman’s Markets.
    Where is this retail space located?
    The property is located at 106-112 Hansen Blvd North Aurora, IL.
    What are key features of this property?
    This property features: Springs at Orchard Road Apartments.; Located on Orchard Rd in front of Woodman’s Markets.; 1 mile north of the I‑88 Interchange.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Wesley
    Real Estate License ID: IL 471006736
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    106-112 Hansen Blvd, North Aurora, IL 60542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!