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    1826 Farnsworth Ave Aurora, IL 60505

    For Sale
    $1,499,000

    Prime Commercial Lot, I-88 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.36-acre vacant commercial land parcel presents a remarkable investment opportunity in Aurora, Illinois. Strategically located at 1826 N Farnsworth Avenue, this property boasts significant frontage on both Farnsworth Avenue and Molitor Avenue, offering excellent visibility and accessibility. Its prime location is just one block from the I-88 South Farnsworth exit, ensuring high traffic volume and convenient access for customers and employees. The property is zoned B-2, allowing for a variety of commercial and retail uses, including but not limited to gas stations, convenience stores, and restaurants. The ample lot size provides ample space for parking and building design flexibility, with multiple potential entrance points to accommodate various business needs. Utilities are readily available in the immediate vicinity, simplifying development and reducing infrastructure costs. The property's location at a stoplight corner further enhances its visibility and accessibility. This is an exceptional opportunity to acquire a highly desirable commercial property in a thriving area with strong growth potential. Contact us today to obtain additional site information and explore the possibilities this exceptional location offers.

    Property Features for 1826 Farnsworth Ave

    General Information

    Property type
    Land
    Lot Size
    146,362 SF

    HighLights

    • $1,499,000 asking price.
    • 3.36‑acre vacant land parcel.
    • Located at 1826 N Farnsworth Avenue, Aurora, IL 60505.
    • B‑2 zoning allows for commercial/retail development.
    • Prime corner location with excellent visibility and access to I‑88.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -88.2821418
    Latitude
    41.7938695

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, I-88 Proximity
    Where is this land located?
    The property is located at 1826 Farnsworth Ave Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: $1,499,000 asking price.; 3.36-acre vacant land parcel.; Located at 1826 N Farnsworth Avenue, Aurora, IL 60505.
    (708) 205-8703
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    1826 Farnsworth Ave Aurora, IL 60505
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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
    1826 Farnsworth Ave Aurora, IL 60505
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