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    1650 Premium Outlet Blvd Aurora, IL 60502

    For Sale
    Contact for pricing

    Prime Commercial Land Near Casino

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel presents a unique investment opportunity within the thriving Chicago Premium Outlet Mall development in Aurora, Illinois (zip code 60502). Located at 1650 Premium Outlet Boulevard, this property offers flexible outlot sizes and configurations, allowing for customized development to suit a variety of commercial uses. The site boasts excellent co-tenancy with the established 170-store Chicago Premium Outlet Mall, attracting over 6,000,000 annual visitors. This high-traffic location ensures significant visibility and accessibility for any business. Utilities are conveniently located at the property line, and detention is handled off-site, simplifying the development process. The strategic proximity to the future Hollywood Casino further enhances the property's appeal and potential for increased foot traffic and revenue. This location is ideal for a hotel, full-service restaurant, or entertainment venue, capitalizing on the substantial existing customer base and the anticipated influx of visitors to the casino. The property's size and configuration can be tailored to meet specific development needs, making it an attractive option for investors seeking a prime location in a rapidly growing area of Kane County, Illinois.

    Property Features for 1650 Premium Outlet Blvd

    General Information

    Property type
    Land

    HighLights

    • Outlots available at Chicago Premium Outlets.
    • Strong co‑tenancy with 170 stores.
    • Over 6 million annual visitors.
    • Flexible outlot sizes and configurations.
    • Utilities at the property line; off‑site detention.
    • Near the future Hollywood Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    St. John Outlet Women'S Clothing Store Perry Ellis Men'S Clothing Store Janie and Jack Outlet Children'S Clothing Store Gymboree Outlet Children'S Clothing Store American Eagle Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2749343
    Latitude
    41.8005082

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Casino
    Where is this land located?
    The property is located at 1650 Premium Outlet Blvd Aurora, IL.
    What are key features of this property?
    This property features: Outlots available at Chicago Premium Outlets.; Strong co-tenancy with 170 stores.; Over 6 million annual visitors.
    (630) 573-7112
    Request Owner's contact information
    1650 Premium Outlet Blvd Aurora, IL 60502
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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
    1650 Premium Outlet Blvd Aurora, IL 60502
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