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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

209 Lincolnway North Aurora, IL 60542

39,500 SF 3.74 ac lot Built 1961
Property ID
Property summary
AI-generated overview

This exceptional mixed-use investment property, located at 209-223 S Lincolnway in North Aurora, IL 60542, presents a compelling opportunity for investors seeking a diversified portfolio. The property encompasses 39,500 square feet across seven buildings situated on a 3.74-acre lot, just one block north of the I-88/Route 31 interchange. The property features a mix of commercial spaces and two residential apartment units within one building, along with a separate warehouse. The six commercial buildings are currently occupied by a number of stable tenants. This Class B property boasts a strong NOI of $169,257, resulting in a 7.00% cap rate, and is offered at $2,420,000 ($61.27/sq ft). Built in 1961, the property is zoned B-3, Central Business District, and benefits from excellent demographics, with nearly 30,000 households within a three-mile radius. The strategic location provides easy access to major transportation routes and is surrounded by numerous national restaurants and a large hospital campus. Additional buildable lots are available for purchase separately or as a package, offering significant potential for future development and expansion, with views of the Fox River. This multi-building complex presents a rare opportunity to acquire a well-established, income-producing asset with significant upside potential. The property includes nine units in total.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1961
Total area 39,500 SF
Lot 3.74 ac (162,914 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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