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

    Aurora, IL 60504

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    Office space with lake view, fully furnished and renovated in 2022.

    Property size:
    74,300 SF
    Lot size:
    74,300 SF

    Property Features for

    General Information

    Size
    74,300 SF

    We can help!

    Listing Contact
    Jeff Blake, SIOR
    Source: Corfac

    Listing Agent: Jeff Blake, SIOR

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

    Learn more

    Overview

    Renovated Office Space Near Metra

    This office space, located in an office business park setting overlooking a lake, offers a corporate headquarters environment. The building underwent renovation in 2022. The space is fully furnished and available for immediate possession. It is within walking distance of the Route 59 METRA hub.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2508
    Latitude
    41.7671

    Nearby Similar for Lease

    • 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

      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
    • New
      Contact for pricing
      27,007 SF

      Private Office Space For Lease

      Private office space for lease with utilities included.
      2 Hankes Rd, Aurora, IL 60506
      View Details
    • New
      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

      Aurora Office/Retail Space Available

      Office/retail space for lease with great visibility.
      30 N Broadway, Aurora, IL 60505
      View Details
    • Contact for pricing
      137,214 SF

      Aurora Retail/Office/Medical Space

      Commercial space for lease on Route 34 and Farnsworth.
      1521 Ogden Ave, Aurora, IL 60503
      View Details
    • $14 SF/Yr

      Downtown Aurora Retail Opportunity

      Prime retail space in downtown Aurora along the scenic Fox River.
      160 S River St, Aurora, IL 60506
      View Details
    • $2,649 /Mo
      1,580 SF

      Spacious Townhome Near Route 59

      Three-bedroom, 2.5-bath townhome with a two-car garage in Aurora, IL.
      4029 Boulder Ct, Aurora, IL 60504
      View Details
    • $2,795 /Mo

      Spacious End Unit Home Rental

      Bright 3-bedroom home in Ogden Pointe, top-rated school district.
      3499 Ravinia Cir, Aurora, IL 60504
      View Details
    • Contact for pricing

      Aurora Retail Space Near University

      1,400 SF retail space near Aurora University.
      1118 Prairie St, Aurora, IL 60506
      View Details

    FAQs

    What type of property is this?
    Office space - Office space with lake view, fully furnished and renovated in 2022.
    Where is this office space located?
    The property is located at Aurora, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Lowest Gross Rent in the I-88 Market!; - Walking distance to METRA hub (Route 59); - Fully furnished for immediate occupancy
    (773) 220-1686
    Request Owner's contact information
    Aurora, IL 60504
    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.
    Aurora, IL 60504
    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
    Aurora, IL 60504
    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
    Jeff Blake, SIOR
    (773) 220-1686
    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.