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    1 Towne Centre Dr North Aurora, IL 60542

    Sponsored
    For Sale
    $1,432,688

    5.98 Acres, North Aurora, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.98-acre commercial outlot in North Aurora, Illinois, presents a prime development opportunity. Boasting unparalleled Interstate 88 exposure and a B2 PUD zoning designation, this property is ideally suited for a diverse range of uses, including retail, restaurant, entertainment, recreation, or office space. Situated within the thriving North Aurora Towne Center, this location benefits from the established presence of major retailers such as Target, JCPenny, and Petco, ensuring high visibility and significant foot traffic. The site's convenient access to I-88 and proximity to the North Aurora Auto Mall, Oberweis Headquarters, Kraft, Toyota, Nestle, and DHL further enhances its appeal. Utilities are readily available, and off-site storm water management is in place, simplifying the development process. This is a remarkable chance to capitalize on a high-demand location with excellent infrastructure and strong surrounding businesses. The asking price is $1,432,688, with a land value of $5.50 per square foot. Additional parcels ranging from 1.8 to 11.9 acres are also available for purchase. This property offers exceptional potential for significant return on investment. The address is Lot 1 South Towne Center Drive, North Aurora, IL 60542.

    Property Features for 1 Towne Centre Dr

    General Information

    Property type
    Land
    Lot Size
    260,489 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.366361403649
    Latitude
    41.796596216185

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    FAQs

    What type of property is this?
    Land - 5.98 Acres, North Aurora, IL
    Where is this land located?
    The property is located at 1 Towne Centre Dr North Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,432,688.
    Request Owner's contact information
    1 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
    1 Towne Centre Dr North Aurora, IL 60542
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