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    1329 Lake St Aurora, IL 60506

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    For Sale
    Contact for pricing

    27,000 SF B-2 Zoned Land, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 27,000 square foot commercial land parcel is ideally situated at the southeast corner of North Lake Street (IL Route 31) and Sullivan Road in Aurora, Illinois, 60506. Boasting a prime location with high visibility, this property benefits from approximately 33,000+ vehicles passing daily, thanks to its position on a signalized intersection of two major thoroughfares. The B-2 zoning, with City of Aurora Planning Department approval pending final plan submission, makes it perfect for fast-food or retail development. This site enjoys exceptional access to major transportation arteries, including less than a half-mile proximity to the I-88 & Route 31 interchange, which sees over 82,000 vehicles daily. The property's strategic location places it adjacent to the expansive 80-acre Ascension Mercy Medical Campus (370+ beds) and the Illinois Social Security Office, ensuring a consistent flow of potential customers. Furthermore, the densely populated area, with over 112,000 residents within a 3-mile radius and Aurora's overall population exceeding 180,000, presents a substantial and readily accessible market. The land is priced at $22 per square foot. This is a rare opportunity to acquire a high-traffic, strategically located commercial lot in a thriving Illinois city.

    Property Features for 1329 Lake St

    General Information

    Property type
    Land

    HighLights

    • High‑traffic corner lot ideal for fast food or retail; 33,000+ vehicles daily.
    • Excellent visibility at the signalized intersection of Route 31 and Sullivan Road.
    • B‑2 zoning; Aurora Planning Department supports development upon final plan approval.
    • Less than 0.5 miles from I‑88 & Route 31 interchange (82,000+ vehicles daily).
    • Adjacent to Ascension Mercy Medical Campus (370+ beds) and the Illinois Social Security Office.
    • Dense population: 112,000+ residents within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fox Valley Adult ... State Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.3203386
    Latitude
    41.7879425

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    FAQs

    What type of property is this?
    Land - 27,000 SF B-2 Zoned Land, High Traffic
    Where is this land located?
    The property is located at 1329 Lake St Aurora, IL.
    What are key features of this property?
    This property features: High-traffic corner lot ideal for fast food or retail; 33,000+ vehicles daily.; Excellent visibility at the signalized intersection of Route 31 and Sullivan Road.; B-2 zoning; Aurora Planning Department supports development upon final plan approval.
    (630) 801-8800
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    1329 Lake St 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
    1329 Lake St Aurora, IL 60506
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