209 Lincolnway North Aurora, IL 60542
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.