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    1830 Towne Centre Dr North Aurora, IL 60542

    Sponsored
    For Sale
    $2,550,000

    30,000 SF Retail Space, Huge Potential

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 30,000 square foot vacant retail building, situated on a 3.45-acre lot in North Aurora, Illinois (60542), presents a unique investment opportunity. Built in 2009, this former Best Buy location boasts a B-2 zoning permit and offers significant potential for repurposing. The property features 179 parking spaces and enjoys a prime location within the North Aurora Towne Center, alongside established retailers such as Target, JCPenney, Michael's, Petco, and Dollar Tree. Its high visibility from Interstate-88, with over 66,600 vehicles passing daily, provides an exceptional marketing advantage. A concept plan illustrates the feasibility of developing an indoor/outdoor recreational facility, potentially including 11 pickleball courts, a bar and dining area, and a golf simulator. The asking price is $2,550,000 ($85 per square foot). This property is for sale by owner and is ideal for a variety of uses, including entertainment, recreation, and retail ventures. The property is currently vacant, allowing for complete customization to suit the buyer's vision.

    Property Features for 1830 Towne Centre Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    30,000 SF
    Lot Size
    150,282 SF

    Building Details

    Year Built
    2009

    HighLights

    • 30,000 SF vacant retail building on a 3.45‑acre lot in North Aurora, IL (60542).
    • Built in 2009, former Best Buy location with B‑2 zoning.
    • 179 parking spaces in North Aurora Towne Center, near Target, JCPenney, and other national retailers.
    • High visibility from I‑88 (66,600+ VPD).
    • $2,550,000 asking price ($85/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Slick City Action ... Amusement Park

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3657221
    Latitude
    41.7957884

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    FAQs

    What type of property is this?
    Lifestyle center - 30,000 SF Retail Space, Huge Potential
    Where is this lifestyle center located?
    The property is located at 1830 Towne Centre Dr North Aurora, IL.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: 30,000 SF vacant retail building on a 3.45-acre lot in North Aurora, IL (60542).; Built in 2009, former Best Buy location with B-2 zoning.; 179 parking spaces in North Aurora Towne Center, near Target, JCPenney, and other national retailers.
    Request Owner's contact information
    1830 Towne Centre Dr North Aurora, IL 60542
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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
    1830 Towne Centre Dr North Aurora, IL 60542
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