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    149 Lincolnway North Aurora, IL 60542

    Sponsored
    For Sale
    $525,000

    Historic building, updated offices, ample parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-story, 6800+ sq ft office building, located at 149 S Lincolnway in North Aurora, IL (60542), presents a unique investment opportunity. Built in 1920 and extensively renovated in 2002, the property boasts a classic design with modern amenities. The building sits on a substantial 38,768.4 sq ft lot and features B-3 zoning. The upper level includes multiple private offices, a reception area, two updated bathrooms, and a kitchenette/breakroom. The lower level offers additional private offices, two updated restrooms, and a conference/meeting area. A large, private parking lot is also available. This versatile space is ideal for an owner-occupant or investor seeking a multi-tenant property. Its prime location, just minutes from I-88, ensures excellent accessibility and visibility. The property is currently vacant, providing immediate occupancy potential. APN: 15-04-426-021. Asking price: $525,000.

    Property Features for 149 Lincolnway

    General Information

    Property type
    Office space

    Building Details

    Year Built/Renovated
    1920/2002
    Buildings
    1
    Stories
    1

    HighLights

    • Excellent I‑88 location, minutes from the interchange.
    • Two‑story flexible office building.
    • Turnkey multi‑tenant property, ideal for owner‑occupancy or investment.
    • Occupy one floor and lease the other for income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aurora Dumpster Rental ... Corporate Office Talat Ghaus Psychiatrist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    -88.325463352348
    Latitude
    41.800700492767

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    FAQs

    What type of property is this?
    Office space - Historic building, updated offices, ample parking.
    Where is this office space located?
    The property is located at 149 Lincolnway North Aurora, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Excellent I-88 location, minutes from the interchange.; Two-story flexible office building.; Turnkey multi-tenant property, ideal for owner-occupancy or investment.
    Request Owner's contact information
    149 Lincolnway North Aurora, IL 60542
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    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
    149 Lincolnway North Aurora, IL 60542
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