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    1968 Melissa Ln Aurora, IL 60506

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    For Sale
    $455,964

    2.65 acre industrial land with development potential near I-88.

    Property size:
    45,323 SF
    Lot size:
    2.65 Acres

    Property Features for 1968 Melissa Ln

    General Information

    Size
    45,323 SF
    Lot size
    2.65 Acres

    Source: Lee & Associates | Chicago Agent Andrew Block

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

    Overview

    Aurora Industrial Land For Sale

    This industrial land offers a site suitable for various uses, including office, research, and industrial purposes. The site size is approximately 2.65 acres and is fully developed and pad-ready, with water, sewer, roads, and off-site detention available. A site plan has received preliminary approval from the City of Aurora. The proposed building size is 45,323 square feet. Construction is planned with precast materials. Loading options include 4 exterior docks, expandable to 7, and 1 drive-in door. The ceiling height can be customized up to 28 feet clear. Parking is available for 66 cars. The zoning is ORI: Office/Research/Industrial, and power and sprinklers can be tailored to suit specific needs. Outside or fenced storage yard use is possible. The property fronts Interstate 88 and is located only 2 turns from the 4-way interchange at Orchard Road. A monument sign along I-88 is available. The location offers abundant nearby retail and lodging amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3840513
    Latitude
    41.7921544

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    FAQs

    What type of property is this?
    Commercial land - 2.65 acre industrial land with development potential near I-88.
    Where is this commercial land located?
    The property is located at 1968 Melissa Ln Aurora, IL.
    What is the asking price?
    The asking price for this property is $455,964.
    What are key features of this property?
    This property features: - Fronts Interstate 88, providing **excellent visibility and accessibility**.; - Fully developed, pad-ready site with water, sewer, roads, and off-site detention in place.; - Site plan has City of Aurora preliminary approval, streamlining the development process.
    (630) 926-7649
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    1968 Melissa Ln Aurora, IL 60506
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    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
    1968 Melissa Ln Aurora, IL 60506
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