Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1535 Butterfield Rd Aurora, IL 60502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in busy Aurora shopping center.

    Property size:
    2,829 SF
    Lot size:
    1.61 Acres

    Property Features for 1535 Butterfield Rd

    General Information

    Size
    2,829 SF
    Lot size
    1.61 Acres

    We can help!

    Listing Contact
    Bhavini Patel
    Bhavini Patel
    Source: Moodyscre

    Listing Agency: Caton Commercial Listing Agent: Bhavini Patel

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

    Learn more

    Overview

    Retail Space in Aurora Center

    Retail space is available for rent within the Butterfield Village Center retail center. The property is a new construction building with various spaces available. Current tenants include Tropical Smoothie Cafe, Bank of America, Northwestern Audiology Services, and Ruby Liquors. Monument signage is available. The property offers a total size of 2829 square feet and is located at 1535 Butterfield Rd, Aurora, IL.
    Location Intelligence

    Current Use by Public Records

    The NIA Aurora Special Education Facility Bitcoin ATM Aurora ... Atm Tropical Smoothie Cafe Specialty Food Shop Bank of America ATM Atm Ruby's Liquor (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2768157
    Latitude
    41.8129059

    Nearby Similar for Lease

    • New
      Contact for pricing
      27,007 SF

      Accessible Aurora Office Space

      Convenient office location with utilities included in Aurora, Illinois.
      2 Hankes Rd, Aurora, IL 60506
      View Details
    • Contact for pricing

      Aurora Retail/Office Space Available

      Vacant storefront suitable for retail, daycare, office, or studio.
      1054 S 5Th St, Aurora, IL 60505
      View Details
    • Contact for pricing

      Well-Maintained Commercial Office Condo

      Commercial office condo near Fox Valley Mall, suitable for various businesses.
      4260 Westbrook Dr, Aurora, IL 60504
      View Details
    • Contact for pricing

      Retail Space in Downtown Aurora

      First floor retail space in high-traffic downtown area.
      228 W Galena Blvd, Aurora, IL 60506
      View Details
    • Contact for pricing

      Downtown Aurora Commercial Space Available

      High-traffic location ideal for office, retail, or event space.
      60 S Broadway Ave, Aurora, IL 60505
      View Details
    • Contact for pricing
      31,363 SF

      Former Daycare Space in Aurora

      1,500 SF daycare space with fenced outdoor play area.
      3691 Darlene Ct, Aurora, IL 60504
      View Details
    • Contact for pricing

      Retail Space in Aurora Historic District

      1,500 sq ft retail space in downtown Aurora.
      16 N Broadway, Aurora, IL 60505
      View Details
    • $21 SF/Yr

      Prime Retail Space in Aurora

      Exceptional retail opportunity in downtown Aurora along the Fox River.
      160 S River St, Aurora, IL 60506
      View Details
    • $13 SF/Yr
      3,050 SF

      Industrial Condo for Lease

      High image industrial condo with high ceilings and ample parking.
      1585 Beverly Ct, Aurora, IL 60502
      View Details
    • $16 SF/Yr

      Office Space Near Downtown Aurora

      Office space with three private offices and reception area for rent.
      444 W Galena Blvd, Aurora, IL 60506
      View Details
    • $13 SF/Yr
      1,560 SF

      Retail Space on Corner Location

      Well-maintained retail space with ample parking and monument signage.
      300-357 E Indian Trl, Aurora, IL 60505
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in busy Aurora shopping center.
    Where is this shopping center located?
    The property is located at 1535 Butterfield Rd Aurora, IL.
    What are key features of this property?
    This property features: - Located in the busy Butterfield Village Center retail center.; - New construction building.; - **Monument signage available.**
    (847) 757-7359 Call to check price and availability
    Request Owner's contact information
    1535 Butterfield Rd Aurora, IL 60502
    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.
    1535 Butterfield Rd
    Aurora, IL 60502
    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
    1535 Butterfield Rd Aurora, IL 60502
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bhavini Patel
    Bhavini Patel
    (847) 757-7359 (815) 436-5700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!