55 Constitution Dr Aurora, IL 60506
- Commercial real estate
- 63,442 SF
- 9.46 lot acres
Current Use by Public Records
- St Paul Lutheran Ministry Center / Place Of Worship
- Lindsay Window Illinois / Window Supplier / Door Manufacturer
Property Details for 55 Constitution Dr
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 9.46 lot acres
- Property size
- 63,442 SF
- Property type
- Commercial real estate
- APN
- 15-19-180-004
- APU
- 1519180004
Description
This exceptional 1.003-acre commercial land parcel presents a rare opportunity in Aurora, Illinois's thriving Galena Boulevard Commercial District. Located at 55 S Constitution Dr, zip code 60506, this property boasts a highly desirable location surrounded by established businesses and significant foot traffic. The asking price is $399,000. Its strategic placement within the bustling commercial district ensures excellent visibility and accessibility for any prospective business. The property's size makes it ideal for a variety of commercial developments, offering significant potential for return on investment. Neighboring businesses include prominent national chains such as McDonald's, Burger King, Ace Hardware, and Jewel Foods, as well as local favorites like Mothers Restaurant, Taco Bell, KFC, and Dunkin Donuts. This strong commercial presence creates a vibrant and well-established environment, attracting a consistent flow of customers. The property's location in Kane County, Illinois, offers easy access to major transportation routes, further enhancing its appeal and potential for success. This is a unique opportunity to acquire a prime piece of commercial real estate in a high-demand area. The property is zoned for commercial use. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $925,000
- 6.5%
- $995,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $1,035,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,110,000
- Retail
- $1,065,000
- Mixed-Use
- $1,085,000
- Hospitality
- $935,000
- Educational
- $1,025,000
- Residential Income
- $905,000
- Energy
- $990,000
- Income-Based Land
- $830,000
- Food Service
- $1,000,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.3721
- Latitude
- 41.7635
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
