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Remodeled Victorian Building in Downtown
For Lease
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123 S Lake Street, Aurora, IL 60506

Remodeled Victorian building suitable for various business needs.

Space SizeContact for details
Lot Size0.39 Acres
Days on Market602

Property Features for 123 S Lake Street

General Information

Standard status Active
Lot size 0.39 Acres
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1900
Listing Agency: COLDWELL BANKER REALTY
Listed By: MAUREEN ROGINA
Source: Corcoran
Added: Jan 8, 2025 Changed: Aug 8 Last Checked: Sep 1 at 7:57PM

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 COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

This remodeled Victorian building offers 4466 square feet of space suitable for various business needs. It is conveniently located across the street from the Aurora Public Library in the increasingly popular downtown area. The property is perfectly set up for a daycare, salon, attorney, medical, or insurance offices. Interior amenities include antique base board trim, pocket doors, and 5 faux fireplaces. All windows on the second floor are less than 10 years old. Recent improvements include a new roof, newly painted interior, a newer water heater, and painted outside trim. The main floor consists of a full kitchen area, a living room, a dining room, 2 full baths, and 2 additional bedrooms/offices. The second floor consists of 7 rooms and 2 more full baths. The property also features a basement with a walkout and additional rooms. This lovely historic building offers many possibilities for your business.

Key Highlights

  • 4466 sq ft remodeled Victorian building suitable for various business types (daycare, salon, offices).
  • Prime downtown location across from the Aurora Public Library.
  • Main floor features a full kitchen, living/dining room, 2 baths, and 2 bedrooms/offices; Second floor offers 7 rooms and 2 baths; Basement includes a walkout.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Real Estate Agency Tech Support Center Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,813
Businesses Nearby

Demographics for 60506, IL

52,011
Population
18,204
Households
2.9
Avg Household Size
36
Median Age
29%
College-Educated
84%
High-School Grad
21.2 sq mi
ZIP Area
2,453
Density / Sq Mi
$76,105
Median Household Income
$38,341
Median Earnings
$1,305
Median Rent
$246,700
Median Home Value

Market

Lease Benchmarks for Aurora, IL

$17.39 /SF/Yr
Avg Asking Price
$8–$23 /SF/Yr
Price Range
5,111 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Remodeled Victorian building suitable for various business needs.
Where is this office units located?
The property is located at 123 S Lake Street Aurora, IL.
What are key features of this property?
This property features: 4466 sq ft remodeled Victorian building suitable for various business types (daycare, salon, offices).; Prime downtown location across from the Aurora Public Library.; Main floor features a full kitchen, living/dining room, 2 baths, and 2 bedrooms/offices; Second floor offers 7 rooms and 2 baths; Basement includes a walkout.
More about this property
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