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    223 Spring St Aurora, IL 60505

    For Sale
    $1,200,000

    1.54 acre parking lot with existing leased building.

    Property size:
    1,136 SF
    Lot size:
    0.84 Acres

    Property Features for 223 Spring St

    General Information

    Size
    1,136 SF
    Lot size
    0.84 Acres

    Source: Dolan & Murphy Inc Agent J.D. Dolan

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

    Overview

    Aurora Development Site For Sale

    This property is a development site located in downtown Aurora. It features a 1.54-acre parking lot with 151 existing parking spaces, including 6 accessible spaces. The site also includes a 1,136-square-foot building that is currently fully leased. The property is situated less than a quarter mile from River's Edge Park, Hollywood Casino, and the Paramount Theatre.
    Insight Report Location Intelligence

    Current Use by Public Records

    Judah Robinson Foundation, ... Mental Health Service Bohr Roofing Inc Roofing Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3091958
    Latitude
    41.7578866

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    FAQs

    What type of property is this?
    Commercial land - 1.54 acre parking lot with existing leased building.
    Where is this commercial land located?
    The property is located at 223 Spring St Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - 1. 54 Acre parking lot; - Great development site in up and coming downtown Aurora; - 151 Existing parking spaces, 6 accessible
    (630) 272-2134
    Request Owner's contact information
    223 Spring St Aurora, IL 60505
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    Aurora, IL 60505
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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
    223 Spring St Aurora, IL 60505
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