Two-Story Mixed-Use
717-727 Lake Street N, Aurora, IL 60507
For Sale
$395,000
Ground-floor retail space and four second-floor offices create distinct commercial areas within one building.
Property Size3,500 SF
Lot Size0.46 Acres
Price / SF$112.86
Days on Market181
Property Features for 717-727 Lake Street N
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Pylon Signage
Road Access
Mixed-Use Components
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
large freestanding electric sign
building signage
large windows
abundant natural light
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Relocate Chicago Real Estate
Listed By:
Vida Chenier
(630) 667-1090
Source:
Amberrealty
Added: May 13
Changed: Nov 7
Last Checked: Nov 8 at 2:43PM
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 Relocate Chicago Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property has a ground-floor layout suited to business or retail use, with four separate office areas upstairs. Each level includes a bathroom, and the building has front and rear stair access. A finished attic and large basement provide additional interior space. Large windows bring natural light into both floors. The roof was replaced approximately 1.5 years ago, and the site includes building signage and a freestanding electric sign. The property is being sold as-is.
The site comprises two lots with separate PINs, combined Lake Street frontage, and more than 15 parking spaces. Lake Street is Route 31, with traffic exceeding 20,000 vehicles per day. The property is about one block from the Fox River and nearby walking and biking trails, and five minutes from downtown Aurora. Retailers and restaurants along the corridor include Starbucks, Dunkin’, and Taco Bell.
The site comprises two lots with separate PINs, combined Lake Street frontage, and more than 15 parking spaces. Lake Street is Route 31, with traffic exceeding 20,000 vehicles per day. The property is about one block from the Fox River and nearby walking and biking trails, and five minutes from downtown Aurora. Retailers and restaurants along the corridor include Starbucks, Dunkin’, and Taco Bell.
Key Highlights
- Two lots with separate PINs and tax bills
- Approximately 100 feet of Lake Street frontage and 200 feet of depth
- Two‑story building with approximately 1,250 square feet per floor, plus finished attic and large basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,994
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,880
$679.9K
Cap Rate 7%
$485,629
$485.6K
Cap Rate 9%
$377,711
$377.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$52.5K $15.00/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$48.6K $13.88/SF
− OpEx
−$14.6K −$4.16/SF
NOI
$34.0K $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%
$679,880
Cap Rate 7%
$485,629
Cap Rate 9%
$377,711
Alternative Uses
Best Use
Mixed Use
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 11.96%
Second Best
Retail
$485.6K
$424.9K – $566.6K
NOI $33,994 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.00M
$876.8K – $1.17M
NOI $70,140 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
101k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Home Improvements & Furnishings 20%
Shops & Services 18%
Apparel 2%
McDonald's
Dining
31,915 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
14,209 visits/mo
0.3 miles
Wendy's
Dining
13,635 visits/mo
0.1 miles
Burger King
Dining
6,505 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
6,458 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space and four second-floor offices create distinct commercial areas within one building.
Where is this mixed-use property located?
The property is located at 717-727 Lake Street N Aurora, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two lots with separate PINs and tax bills; Approximately 100 feet of Lake Street frontage and 200 feet of depth; Two‑story building with approximately 1,250 square feet per floor, plus finished attic and large basement
