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    OFF-MARKET
    Land

    0 Constitution Dr, Aurora, IL 60506

    0.89 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.89-acre commercial land parcel in Aurora, Illinois, presents a unique investment opportunity. Located on N Constitution Dr, this fully improved lot boasts existing parking and is zoned for office use. The City of Aurora planning department estimates a 7,800 square foot office building could be constructed on this site. The property enjoys a high-traffic location, less than half a mile from Orchard Road, a heavily traveled thoroughfare with approximately 37,300 vehicles per day. West Galena Boulevard, with approximately 14,600 vehicles per day, provides additional accessibility. The site is conveniently situated approximately 2.5 miles from the I-88 and Orchard Road interchange, ensuring excellent connectivity. This densely populated area offers a strong market, with over 60,000 residents within a 3-mile radius. The property benefits from a thriving commercial environment, surrounded by established businesses including McDonald's, Burger King, Ace Hardware, Mothers Restaurant, Jewel Foods, Taco Bell, KFC, and Dunkin Donuts. The asking price for this prime commercial land is $295,000. This is a rare opportunity to acquire a ready-to-develop site in a high-demand area with excellent visibility and access. The 60506 zip code ensures a desirable address for any new office development.

    Property profile
    Verified
    Property type Land
    Lot 0.89 ac (38,768 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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