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    OFF-MARKET
    Land

    1650 Premium Outlet Blvd, Aurora, IL 60502

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel presents a unique investment opportunity within the thriving Chicago Premium Outlet Mall development in Aurora, Illinois (zip code 60502). Located at 1650 Premium Outlet Boulevard, this property offers flexible outlot sizes and configurations, allowing for customized development to suit a variety of commercial uses. The site boasts excellent co-tenancy with the established 170-store Chicago Premium Outlet Mall, attracting over 6,000,000 annual visitors. This high-traffic location ensures significant visibility and accessibility for any business. Utilities are conveniently located at the property line, and detention is handled off-site, simplifying the development process. The strategic proximity to the future Hollywood Casino further enhances the property's appeal and potential for increased foot traffic and revenue. This location is ideal for a hotel, full-service restaurant, or entertainment venue, capitalizing on the substantial existing customer base and the anticipated influx of visitors to the casino. The property's size and configuration can be tailored to meet specific development needs, making it an attractive option for investors seeking a prime location in a rapidly growing area of Kane County, Illinois.

    Property profile
    Verified
    Property type Land
    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
    Current use
    Occupant on record · Public records
    • St. John Outlet Clothing & Fashion Store
    • Perry Ellis Clothing & Fashion Store
    • Janie and Jack Outlet Clothing & Fashion Store
    • Gymboree Outlet Clothing & Fashion Store
    • American Eagle Clothing Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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