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    1650 Premium Outlet Blvd Aurora, IL 60502

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Land, Multiple Spaces Available

    Lot size:
    205,603 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in the thriving Aurora, Illinois market. Located at 1650 Premium Outlet Blvd, this property boasts a total land area ranging from 1.35 to 3.37 acres, providing ample space for development or expansion. The site is zoned for retail use and currently features two existing suites within a four-story structure, although the total building square footage is not currently specified. The property's strategic location within Kane County, near the Chicago Premium Outlet Mall, ensures high visibility and accessibility, attracting significant foot traffic and potential clientele. This is an ideal location for businesses seeking to capitalize on the area's robust retail environment. The multiple-tenancy structure allows for flexibility in development plans, catering to a variety of business needs and sizes. With its prime location and substantial land area, this property represents a compelling investment opportunity for discerning buyers seeking a foothold in a dynamic and growing market. The property is offered for sale and presents a rare chance to acquire a significant retail asset in a highly desirable location. Further details regarding building specifications and zoning regulations are available upon request. The property's address is 1650 Premium Outlet Blvd, Aurora, IL 60502.

    Property Features for 1650 Premium Outlet Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    205,603 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Pad Site 2
    Size
    146,797 SF
    Space
    Pad site 1
    Size
    58,806 SF

    HighLights

    • Outlots available within the Chicago Premium Outlet Mall development.
    • Excellent co‑tenancy with the Chicago Premium Outlet Mall's 170 stores.
    • Over 6,000,000 annual visitors.
    • Flexible outlot size and configuration.
    • Utilities at the property line; detention served off‑site.
    • Close proximity to the future Hollywood Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    St. John Outlet Women'S Clothing Store Perry Ellis Men'S Clothing Store Janie and Jack Outlet Children'S Clothing Store Gymboree Outlet Children'S Clothing Store American Eagle Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2169027
    Latitude
    41.7568116

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, Multiple Spaces Available
    Where is this retail property located?
    The property is located at 1650 Premium Outlet Blvd Aurora, IL.
    What are key features of this property?
    This property features: Outlots available within the Chicago Premium Outlet Mall development.; Excellent co-tenancy with the Chicago Premium Outlet Mall's 170 stores.; Over 6,000,000 annual visitors.
    Request Owner's contact information
    1650 Premium Outlet Blvd 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
    1650 Premium Outlet Blvd Aurora, IL 60502
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