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    Constitution Dr Aurora, IL 60506

    Sponsored
    For Sale
    $295,000

    0.89-acre commercial lot, ideal for office building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.89-acre commercial land parcel in Aurora, Illinois, presents a unique investment opportunity. Located on N Constitution Dr, this fully improved lot boasts existing parking and is zoned for office use. The City of Aurora planning department estimates a 7,800 square foot office building could be constructed on this site. The property enjoys a high-traffic location, less than half a mile from Orchard Road, a heavily traveled thoroughfare with approximately 37,300 vehicles per day. West Galena Boulevard, with approximately 14,600 vehicles per day, provides additional accessibility. The site is conveniently situated approximately 2.5 miles from the I-88 and Orchard Road interchange, ensuring excellent connectivity. This densely populated area offers a strong market, with over 60,000 residents within a 3-mile radius. The property benefits from a thriving commercial environment, surrounded by established businesses including McDonald's, Burger King, Ace Hardware, Mothers Restaurant, Jewel Foods, Taco Bell, KFC, and Dunkin Donuts. The asking price for this prime commercial land is $295,000. This is a rare opportunity to acquire a ready-to-develop site in a high-demand area with excellent visibility and access. The 60506 zip code ensures a desirable address for any new office development.

    Property Features for 0 Constitution Dr

    General Information

    Property type
    Land
    Lot Size
    38,768 SF

    HighLights

    • Improved lot with existing parking.
    • 7,800 SF office building permitted (City of Aurora estimate).
    • High‑density location, 60,000+ residents within 3 miles.
    • Office zoning.
    • Strong commercial co‑tenancy including national brands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3697657
    Latitude
    41.7685964

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    FAQs

    What type of property is this?
    Land - 0.89-acre commercial lot, ideal for office building.
    Where is this land located?
    The property is located at Constitution Dr Aurora, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Improved lot with existing parking.; 7,800 SF office building permitted (City of Aurora estimate).; High-density location, 60,000+ residents within 3 miles.
    Request Owner's contact information
    Constitution Dr Aurora, IL 60506
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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
    Constitution Dr Aurora, IL 60506
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