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    2555 New York St Aurora, IL 60502

    For Sale
    $1,650,000

    Prime Aurora land, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.34-acre property in Aurora, Illinois, presents a unique redevelopment opportunity. Comprised of six contiguous parcels (APN: 07-19-401-003, 07-19-401-006, 07-19-401-009, 07-19-401-010, 07-19-401-011, 07-19-401-022), this land is ideally suited for the construction of townhomes or multifamily dwellings. Located at 2555 E New York St, Aurora, IL 60502 (DuPage County), the site offers significant potential for a high-density residential project. The property previously housed three single-family homes, which have since been demolished, providing a clean slate for development. Seller financing or a flexible lot release schedule may be available, making this an attractive proposition for developers. Furthermore, neighboring property owners have expressed interest in selling their land, presenting the possibility of expanding the development footprint significantly. This presents a rare chance to acquire a substantial land parcel in a desirable location with considerable upside potential. The asking price for this exceptional opportunity is $1,650,000.

    Property Features for 2555 New York St

    General Information

    Property type
    Land
    Lot Size
    232,610 SF

    HighLights

    • Excellent redevelopment opportunity to create multiple single‑family homes or townhomes.
    • Potential for land assemblage with neighboring properties currently for sale.
    Property Profile Insight Report 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
    DuPage
    State
    Illinois
    Longitude
    -88.2529819
    Latitude
    41.7586271

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    FAQs

    What type of property is this?
    Land - Prime Aurora land, redevelopment opportunity.
    Where is this land located?
    The property is located at 2555 New York St Aurora, IL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity to create multiple single-family homes or townhomes.; Potential for land assemblage with neighboring properties currently for sale.;
    Request Owner's contact information
    2555 New York St Aurora, IL 60502
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    Aurora, IL 60502
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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
    2555 New York St Aurora, IL 60502
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