Aurora, IL Investment
For Lease
$2,300,000
1313 N Lake St, Aurora, IL 60506
Dual-tenant property with long-term leases in Aurora, Illinois.
Space SizeContact for details
Days on Market272
Property Features for 1313 N Lake St
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$180,115
Building Details
Year Built
1986
Listing Agency:
Bang Realty
(248) 342-9103
Listed By:
Payman Mahjoory · License #100075683
(248) 342-9103
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Aug 18
Last Checked: Aug 20 at 4:16AM
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 Bang Realty
Investment Insights
Based on property information with market context.
Located in Aurora, Illinois, approximately 20 miles west of Downtown Chicago, this property is leased to Gerber Collision and Classic Towing. Gerber Collision, with over 900 locations in the U.S., has occupied the property for 20 years and amended its original lease in 2020 to include four additional five-year extensions through 2045, with 10% rent increases every 5 years. The mutually beneficial relationship between Gerber Collision and Classic Towing enhances their coexistence on the property. The property benefits from its location on Illinois Route 31 (N Lake Street), which sees over 22,000 vehicles per day. The surrounding area features major national retailers such as AutoZone, Meineke, Firestone, Starbucks, and Sherwin Williams. The property is situated in an area with strong demographics, including approximately 200,000 residents within a five-mile radius and an average household income of approximately $100,000.
Key Highlights
- Long‑term lease commitment from Gerber Collision with extension options through 2045.
- Dual income streams, with potential to increase NOI.
- Strategic location in Aurora, Illinois, with strong demographics.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
294k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 32%
Apparel 10%
Leisure 9%
Ross Dress for Less
Apparel
30,613 visits/mo
0.2 miles
Cinemark Tinseltown USA
Leisure
25,095 visits/mo
0.5 miles
Thorntons
Shops & Services
24,314 visits/mo
0.2 miles
Speedway
Shops & Services
21,705 visits/mo
0.2 miles
Starbucks
Dining
19,354 visits/mo
0.4 miles
Demographics for 60506, IL
52,011
Population
18,204
Households
2.9
Avg Household Size
36
Median Age
29%
College-Educated
84%
High-School Grad
21.2 sq mi
ZIP Area
2,453
Density / Sq Mi
$76,105
Median Household Income
$38,341
Median Earnings
$1,305
Median Rent
$246,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Ornelas tires — 1001 Aurora Ave, Aurora, IL 60505, United States
- The Hail Shop USA — 970 S Lake St Unit B, Aurora, IL 60506
- South Auto Repair — 945 N Lake St, Aurora, IL 60506
- Grant Towing — 1011 Aurora Ave, Aurora, IL 60505
- baires Auto inc. — 929 N Lake St unit 3, Aurora, IL 60506
Frequently Asked Questions
What type of property is this?
Auto shop - Dual-tenant property with long-term leases in Aurora, Illinois.
Where is this auto shop located?
The property is located at 1313 N Lake St Aurora, IL.
What is the lease rate?
The lease rate is $2,300,000.
What are key features of this property?
This property features: Long‑term lease commitment from Gerber Collision with extension options through 2045.; Dual income streams, with potential to increase NOI.; Strategic location in Aurora, Illinois, with strong demographics.
