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

    472-500 Clearwater Dr North Aurora, IL

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

    Multi-building campus with truck/trailer parking and I-88 access.

    Type:INDUSTRIAL
    Property size:
    18,500 SF
    Lot size:
    7.99 Acres
    Added:
    May 7, 2024
    Days on Market:
    724
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 472-500 Clearwater Dr

    General Information

    Standard status
    Active
    Size
    18,500 SF
    Lot size
    7.99 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 472-500 Clearwater Dr Contact us

    We can help!

    Listing Contact
    Michael Androwich Jr
    Michael Androwich Jr

    Listing agent Michael Androwich Jr

    Listing office Lee & Associates | Chicago

    Listing date May 7, 2024

    Source Moodyscre

    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 Lee & Associates | Chicago

    Overview

    Industrial Campus with Storage

    This multi-building campus offers outside storage with the capacity to park over 100 trucks and trailers. It features an available repair, maintenance, or contractor facility equipped with multiple overhead doors. The property provides immediate access to I-88 via the Route 31 full 4-way interchange. The property size is 18,500 square feet. There is existing tenant income, with the option for the tenant to remain or vacate upon closing.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • The Edward Self Storage Aurora IL — 1276 n lake st, aurora, il 60506
    • Storage Rentals of America — 210 John St, North Aurora, IL 60542
    • Self-Storage at U-Haul — 1282 N Lake St, Aurora, IL 60506
    • Next Door Self Storage - North Aurora — 310 S Lincolnway St, North Aurora, IL 60542
    • Extra Space Storage — 416 S Lincolnway St, North Aurora, IL 60542

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3172
    Latitude
    41.7931

    Nearby Similar for Lease

    • Contact for pricing

      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

      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

      North Aurora Commercial Space Available

      1388 SF commercial space for rent in North Aurora.
      200 Butterfield Road, North Aurora, IL 60542
      View Details
    • Contact for pricing

      North Aurora Warehouse Sublease Opportunity

      Warehouse space available for sublease in North Aurora, Illinois.
      313-325 Airport Road, North Aurora, IL 60542
      View Details
    • Contact for pricing

      Industrial Space Sublease Opportunity

      Sublease opportunity with office space and multiple docks.
      313-325 Airport Road, North Aurora, IL 60542
      View Details
    • $14 SF/Yr

      Retail Space in North Aurora

      750 SF retail space available for lease.
      111 S Lincolnway, North Aurora, IL
      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
    • $15 SF/Yr

      Retail Space in North Aurora

      902 SF retail space available for lease.
      111 Oak St, 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

      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 Industrial Campus

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

      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?
    Warehouse - Multi-building campus with truck/trailer parking and I-88 access.
    Where is this warehouse located?
    The property is located at 472-500 Clearwater Dr North Aurora, IL.
    What are key features of this property?
    This property features: Immediate access to I‑88 via Route 31 full 4‑way interchange; Multi‑building campus with outside storage for over 100 trucks/trailers; Available repair/maintenance/contractor facility with multiple overhead doors
    (708) 574-5516 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Androwich Jr
    Michael Androwich Jr
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!