Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1145 83 Aurora, IL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner lot with utilities and high traffic count.

    Lot size:
    0.93 Acres

    Property Features for 1145 83

    General Information

    Lot size
    0.93 Acres

    We can help!

    Listing Contact
    Ryan Dolan
    Ryan Dolan
    Source: Moodyscre

    Listing Agent: Ryan Dolan

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

    Learn more

    Overview

    Land Near Orchard Road

    This commercial land is a corner lot anchored by a Gas n Wash and Dunkin'. Zoned B-2, the site has utilities available and off-site retention. Multiple access points are available. The property benefits from a high traffic count on Orchard Road, a main thoroughfare to the I-88 E/W tollway. It is located less than 0.5 miles from the 317-acre Stuart Sport Complex, one of the largest outdoor sports complexes in the Midwest, hosting regional and local soccer, baseball, and softball events for participants of all ages.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2558525
    Latitude
    41.7773033

    Nearby Similar for Sale

    • $350,000
      1.04 Acres

      Former Union Hall Offices

      Two-story building with meeting hall, new parking, and large lot.
      412 Hankes Ave, Aurora, IL 60505
      View Details
    • $1,180,000

      Turn-Key Uvita Hospitality Property

      Centrally located property with furnished cabinas and expansion potential.
      Tropical Jungle Oasis, Aurora, IL 60504
      View Details
    • $300,000
      0.28 Acres

      Multi-Tenant Office Building Near Downtown

      Established office building near downtown Aurora, ideal for various businesses.
      411 W Galena Blvd, Aurora, IL 60506
      View Details
    • New
      $750,000
      1,313 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • New
      $359,900
      0.17 Acres

      Turn-Key 2-Flat Near Aurora University

      Updated 2-flat near Aurora University with separate utilities.
      810 W Galena Blvd, Aurora, IL 60506
      View Details
    • New
      $1,799,900
      0.33 Acres

      Turnkey Multifamily Investment Property

      Well-maintained 9-unit multifamily property in Aurora's Pigeon Hill neighborhood.
      304 Hankes Ave, Aurora, IL 60505
      View Details
    • $895,000

      Turnkey Salon Business Opportunity

      Profitable salon business with seven fully leased luxury units.
      3941 75Th St, Aurora, IL 60504
      View Details
    • $472,000
      0.35 Acres

      Mixed-Use Property in Aurora, IL

      Mixed-use property featuring business spaces and apartments in Aurora, IL.
      818 E New York St, Aurora, IL 60505
      View Details
    • $650,000
      0.44 Acres

      Established Auto Repair Business For Sale

      Thriving auto repair shop with real estate included in Aurora.
      1349 E New York St, Aurora, IL 60505
      View Details
    • $95,000
      0.97 Acres

      Established Custard & Bubble Tea Business

      Profitable custard and bubble tea business for sale in Aurora.
      848 N Route 59, Aurora, IL 60504
      View Details
    • New
      $550,000
      0.05 Acres

      Retail Storefront in Downtown Aurora

      Retail storefront for sale or lease in downtown Aurora.
      60 S Broadway Ave, Aurora, IL 60505
      View Details
    • $498,900
      3.26 Acres

      Medical/Professional Office Near Rush Copley

      Turnkey medical/professional office space next to Rush Copley Hospital.
      1256 Waterford Dr, Aurora, IL 60504
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with utilities and high traffic count.
    Where is this commercial land located?
    The property is located at 1145 83 Aurora, IL.
    What are key features of this property?
    This property features: - High traffic count on Orchard Rd, a main thoroughfare to I-88 E/W tollway.; - Corner lot anchored by Gas n Wash and Dunkin.; - Located less than 0.5 miles from the 317-acre Stuart Sport Complex.
    (630) 801-8800
    Request Owner's contact information
    1145 83 Aurora, IL
    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.
    1145 83
    Aurora, IL
    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
    1145 83 Aurora, IL
    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!
    Listing Contact
    Ryan Dolan
    Ryan Dolan
    (630) 801-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.