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    Sec Of Ogden Ave. And Rdg Ave Aurora, IL 60504

    Sponsored
    For Sale
    $1,099,000

    Prime 3.47-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.47-acre commercial land parcel presents a unique investment opportunity in Aurora, Illinois. Strategically located at the southeast corner of Ogden Avenue and Ridge Avenue, the property boasts approximately 600 feet of frontage along the heavily trafficked Ogden Avenue, resulting in an estimated 32,100 vehicles per day (VPD) exposure. The site is designated as a Planned Development District by the City of Aurora, offering flexibility for a variety of commercial development projects. Its location within the Oswego Community Unit School District 308 adds to its appeal. Further enhancing its investment potential, this property is situated within a designated Opportunity Zone, providing significant tax advantages for qualified investors. The property's APN is 15-36-400-019 and is located in Kane County, Illinois, with a zip code of 60504. This high-visibility location, combined with its zoning and Opportunity Zone status, makes this a compelling opportunity for developers seeking a prime location for commercial development in a thriving area. The substantial lot size allows for significant development potential, catering to a wide range of commercial uses. This is a rare chance to acquire a highly desirable commercial property in a rapidly growing market.

    Property Features for 0 Sec Of Ogden Ave. And Rdg Ave

    General Information

    Property type
    Land
    Lot Size
    151,153 SF

    HighLights

    • $1,099,000 asking price for 3.47± acres of commercial land.
    • Located in Aurora, IL (Kane County), at the SE corner of Ogden Ave. and Ridge Ave., APN 15‑36‑400‑019.
    • Planned Development District zoning (City of Aurora).
    • 600± feet of Ogden Ave frontage, 32,100 vehicles per day (VPD) exposure.
    • Situated in an Opportunity Zone and Oswego Community Unit School District 308.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2625928
    Latitude
    41.7309593

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    FAQs

    What type of property is this?
    Land - Prime 3.47-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at Sec Of Ogden Ave. And Rdg Ave Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: $1,099,000 asking price for 3.47± acres of commercial land.; Located in Aurora, IL (Kane County), at the SE corner of Ogden Ave. and Ridge Ave., APN 15-36-400-019.; Planned Development District zoning (City of Aurora).
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    Sec Of Ogden Ave. And Rdg Ave Aurora, IL 60504
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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
    Sec Of Ogden Ave. And Rdg Ave Aurora, IL 60504
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