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    1975 Melissa Ln Aurora, IL 60506

    For Lease
    $18 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    62,347 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional medical office building, located at 1975 Melissa Ln in Aurora, Illinois, presents a unique investment opportunity. The property boasts a total of 62,347 square feet situated on a generous 4.24-acre lot. The building currently houses two established tenants: All Pets Wellness, occupying approximately 41,437 square feet, and Swim with Bill, leasing roughly 8,500 square feet. A significant opportunity exists with approximately 12,410 square feet of vacant medical office space ready for immediate occupancy. This space is ideal for expansion or a new medical practice seeking a prominent location. The property features ample parking with 214 spaces available for tenants and visitors. The building is located in Kane County, Illinois, with a convenient Aurora address and zip code 60506. The property's single-tenant structure offers streamlined management, while the existing tenants provide a stable income stream. The substantial vacant space presents significant potential for increased revenue and growth. This property is a rare find, combining established tenancy with significant expansion potential in a desirable location. The property's APN is 14-12-225-003. This is an excellent opportunity for investors seeking a strong return on investment in a thriving medical market.

    Property Features for 1975 Melissa Ln

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,347 SF
    Total Rate
    93520.5

    Unit(s) available at that property

    Space
    AVailable Space
    Size
    12,410 SF
    Rate per SF
    $18

    HighLights

    • 41,437 SF leased to All Pets Wellness.
    • 12,410 SF of vacant medical office space available for lease.
    • 8,500 SF leased month‑to‑month with long‑term potential.
    • Approximately 214 parking spaces.
    • Potential for industrial conversion; two new industrial developments nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Pets Wellness ... Pet Boarding Service AMITA Health Center ... Medical Clinic Jill Luminais Physical Therapist Swim With Bill ... Swimming School

    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
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3820473
    Latitude
    41.792973

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 1975 Melissa Ln Aurora, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 41,437 SF leased to All Pets Wellness.; 12,410 SF of vacant medical office space available for lease.; 8,500 SF leased month-to-month with long-term potential.
    Request Owner's contact information
    1975 Melissa Ln Aurora, IL 60506
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    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
    1975 Melissa Ln Aurora, IL 60506
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