Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1650 Premium Outlet Blvd Aurora, IL 60502
    Back to Search
    Property profile & analytics

    1650 Premium Outlet Blvd Aurora, IL 60502

    View on Map
    • Retail properties & Spaces
    • 3.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 1650 Premium Outlet Blvd

    Lot size
    3.37 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.2169
    Latitude
    41.7568

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      1650 Premium Outlet Blvd

      Restaurants • 4,500 SF
      1650 Premium Outlet Blvd, Aurora, IL 60502
      View Details
    • Value Estimation by Request

      1650 Premium Outlet Blvd

      Land
      1650 Premium Outlet Blvd, Aurora, IL 60502
      View Details
    • Value Estimation by Request
      2.03 Acres

      New York St

      Land • 2.03 Acres
      0 New York St, Aurora, IL 60502
      View Details
    • Value Estimation by Request
      13.22 Acres

      1254 Butterfield Rd

      Land • 13.22 Acres
      1254 Butterfield Rd, Aurora, IL 60502
      View Details
    • Value Estimation by Request
      2.63 Acres

      7s208 Eola Rd

      Land • 2.63 Acres
      7s208 Eola Rd, Aurora, IL 60502
      View Details
    • Value Estimation by Request
      1.36 Acres

      Aurora IL Aurora Rd

      Land • 1.36 Acres
      Aurora IL Aurora Rd, Aurora, IL 60502
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Aurora, Illinois

      Land available for sale at 1650 Premium Outlet Boulevard.
      1650 Premium Outlet Blvd, Aurora, IL 60502
      View Details
    • Contact for pricing

      Aurora Car Wash For Sale

      Car wash business and real estate opportunity in Aurora, Illinois.
      2903 Kirk Rd, Aurora, IL 60502
      View Details
    • Contact for pricing

      Aurora Development Site For Sale

      1.36 acre development site near Route 59.
      Aurora IL N Aurora Rd, Aurora, IL 60502
      View Details
    • Contact for pricing

      Commercial Land Near Business Park

      Land located in Farnsworth International Business Park.
      Lot 4&5 Church Rd. & Bilter Rd, Aurora, IL 60502
      View Details
    • $2,730,000

      6.3 Acre Development Site

      Development site near I-88 interchanges and Class A industrial properties.
      30w669 Sunrise Rd, Aurora, IL 60502
      View Details
    • $950,000
      13.00 Acres

      Aurora Land Ready for Development

      13-acre land offering in Aurora, IL, for commercial or mixed-use development.
      1900 E New York St, Aurora, IL 60502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land and Retail Space Available

      Land and retail space for rent in Aurora, Illinois.
      1650 Premium Outlet Blvd, Aurora, IL 60502
      View Details
    • Contact for pricing
      1,765 SF

      Restaurant Spaces Near Outlet Mall

      Second-generation restaurant spaces with easy access to I-88.
      2933 Kirk Rd, Aurora, IL 60502
      View Details
    • Contact for pricing
      4,485 SF

      Anchored Shopping Center Space Available

      91,000 SF shopping center with shop space for rent.
      1137 N Eola Rd, Aurora, IL 60502
      View Details
    • Contact for pricing
      2,829 SF

      Retail Space in Aurora Center

      Retail space available in busy Aurora shopping center.
      1535 Butterfield Rd, Aurora, IL 60502
      View Details
    • Contact for pricing
      4,485 SF

      Anchored Shopping Center Retail Space

      91,000 SF shopping center with high visibility and access.
      1167 Eola Rd, Aurora, IL 60502
      View Details
    • Contact for pricing

      Aurora Infill IOS Sublease Opportunity

      16-acre infill IOS site with maintenance facility for sublease.
      3401 Liberty St, Aurora, IL 60502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1650 Premium Outlet Blvd
    Aurora, IL 60502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1650 Premium Outlet Blvd, Aurora, IL, 60502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!