3150 N Aurora, Aurora, IL 60502

Building Details

Tenancy Multi More

Listing Agency: CBRE - Oak Brook

Listed By: Adam Foret · License #IL 475160621 Show Phone

Source: Crexi

Added: Oct 2 Changed: Nov 8 Last Checked: Nov 8 at 4:59PM

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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 CBRE - Oak Brook

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Investment Insights

Based on property information with market context.

North Eola Plaza is a 14,456 SF unanchored shopping center in Aurora, Illinois. Occupancy is 89.6%, with 1,508 SF available for lease. Rental growth is reported at a 5.26% CAGR.

The property is in DuPage County and has direct access to the Chicago MSA.

Key Highlights

• 14,456 SF unanchored shopping center
• 89.6% occupied, with 1,508 SF available for lease
• Rental growth reported at a 5.26% CAGR

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,404

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,808,080 $2.8M

Cap Rate 7%

$2,005,771 $2.0M

Cap Rate 9%

$1,560,044 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,456 SF

Gross rent

$216.8K $15.00/SF

− Vacancy

−$16.3K −$1.13/SF

EGI

$200.6K $13.88/SF

− OpEx

−$60.2K −$4.16/SF

NOI

$140.4K $9.71/SF

Area

Aurora, IL

Vacancy

7.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,808,080

Cap Rate 7%

$2,005,771

Cap Rate 9%

$1,560,044

Alternative Uses

Best Use

Retail

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,404 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.14M

$3.62M – $4.83M (±1% cap)

NOI $289,698 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Garden Center Furniture & Home Goods Parking Lot & Garage Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

89.6%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

414

Businesses Nearby

61k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 61% Dining 34% Electronics 5%

Speedway Shops & Services

21,705 visits/mo 0.5 miles

Culver's Dining

16,548 visits/mo 0.5 miles

Dollar General Shops & Services

10,117 visits/mo 0.5 miles

Cricket Wireless Authorized Retailer Electronics

3,321 visits/mo 0.5 miles

Wingstop Dining

2,662 visits/mo 0.5 miles

Demographics for 60502, IL

22,592

Population

8,695

Households

2.6

Avg Household Size

38

Median Age

63%

College-Educated

94%

High-School Grad

11.2 sq mi

ZIP Area

2,017

Density / Sq Mi

$150,421

Median Household Income

$70,882

Median Earnings

$1,953

Median Rent

$389,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - The partially occupied center has space available for a new retail tenant.

Where is this shopping center located?

The property is located at 3150 N Aurora Aurora, IL.

What is the asking price?

The asking price for this property is $3,815,700.

What are key features of this property?

This property features: 14,456 SF unanchored shopping center; 89.6% occupied, with 1,508 SF available for lease; Rental growth reported at a 5.26% CAGR