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    1229 Randall Rd Aurora, IL 60506

    Sponsored
    For Sale
    $1,149,000

    Prime commercial land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.75-acre commercial land parcel presents a remarkable development opportunity in Aurora, Illinois. Located at 1229 N Randall Rd, 60506, this property (APN: 15-008-400-021

    Property Features for 1229 Randall Rd

    General Information

    Property type
    Land
    Lot Size
    163,350 SF

    HighLights

    • Excellent visibility and high traffic counts on a prime corner lot.
    • Adjacent to a multi‑tenant development and near a busy industrial area in Aurora, IL.
    • 3.75‑acre parcel, immediately available for development.
    • B2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.3497103
    Latitude
    41.7822331

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ready for development.
    Where is this land located?
    The property is located at 1229 Randall Rd Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: Excellent visibility and high traffic counts on a prime corner lot.; Adjacent to a multi-tenant development and near a busy industrial area in Aurora, IL.; 3.75-acre parcel, immediately available for development.
    (630) 486-7321
    Request Owner's contact information
    1229 Randall Rd 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
    1229 Randall Rd Aurora, IL 60506
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