Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    223 Spring St Aurora, IL 60505

    For Sale
    $1,200,000

    Prime 1.54-acre retail site, 1,136 SF building.

    Property size:
    1,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.54-acre commercial property in downtown Aurora, Illinois, presents a unique investment opportunity. The site boasts a 1,136 square foot retail building currently operating at 100% occupancy under a gross lease agreement with a single tenant. Ample parking is available with 151 spaces, including 6 accessible spaces. The property is ideally situated at 223 Spring Street, Aurora, IL 60505, offering excellent visibility and accessibility. Its prime location is adjacent to the Aurora Transit Center, the last stop on the Metra train line to and from Chicago, ensuring convenient access for commuters and customers. Furthermore, the property is less than a quarter-mile from popular attractions such as RiverEdge Park (Aurora's outdoor music venue), the Hollywood Casino, and the Paramount Theatre, creating a vibrant and high-traffic environment. The asking price for this exceptional property is $1,200,000. This presents a rare chance to acquire a thriving retail space with significant development potential in a rapidly growing downtown area. The existing building and substantial parking lot provide immediate income and future expansion possibilities. Don't miss this opportunity to own a piece of Aurora's thriving commercial landscape.

    Property Features for 223 Spring St

    General Information

    Property type
    Retail properties
    Square Feet
    1,136 SF
    Lot Size
    67,082 SF

    HighLights

    • Excellent development opportunity in burgeoning downtown Aurora.
    • 1,136 SF building available for lease on‑site.
    • 1.54‑acre parking lot included.
    • 151 parking spaces, 6 ADA compliant.
    • Less than a quarter‑mile from River's Edge Park, Hollywood Casino, and Paramount Theatre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Judah Robinson Foundation, ... Mental Health Service Bohr Roofing Inc Roofing Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3094086
    Latitude
    41.7581469

    Nearby Similar for Sale

    • $350,000
      3,000 SF

      Aurora Office Building with Hall

      Two-story office building with meeting hall and new parking lot.
      412 Hankes Ave, Aurora, IL 60505
      View Details
    • $750,000
      9,000 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $300,000
      8,190 SF

      Multi-Tenant Office Building Near Downtown

      Established office building near downtown Aurora, ideal for various businesses.
      411 W Galena Blvd, Aurora, IL 60506
      View Details
    • $575,000
      3,800 SF

      Remodeled 6-Unit Multifamily Investment

      Remodeled 6-unit building in Aurora, fully leased and cash flowing.
      168 S Lincoln Ave, Aurora, IL 60505
      View Details
    • $304,900
      0.12 Acres

      All-Brick Duplex in West Aurora

      Well-maintained duplex with strong rental income potential in Aurora, IL.
      909 Bishop Ave, Aurora, IL 60506
      View Details
    • $895,000
      2,190 SF

      Turnkey Salon Business Opportunity

      Fully leased salon suites with high-end finishes and strong income.
      3941 75Th St, Aurora, IL 60504
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime 1.54-acre retail site, 1,136 SF building.
    Where is this retail property located?
    The property is located at 223 Spring St Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Excellent development opportunity in burgeoning downtown Aurora.; 1,136 SF building available for lease on-site.; 1.54-acre parking lot included.
    (630) 801-8800
    Request Owner's contact information
    223 Spring St Aurora, IL 60505
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Spring St
    Aurora, IL 60505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    223 Spring St Aurora, IL 60505
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.