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Property profile & analytics

597 Lake St Aurora, IL 60506

  • Commercial real estate
  • 3,630 SF
  • 0.17 lot acres
Value Estimation
Last Sale
Jul 02, 2020
$285,000
Location Intelligence
Property ID
US28-2624306
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Niffy African Store / African Goods Store / Clothes And Fabric Wholesaler
  • Niffy African Store # 1 / African Goods Store / Clothes And Fabric Wholesaler
  • United Mortgage Network / Mortgage Lender

Property Details for 597 Lake St

Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.17 lot acres
Property size
3,630 SF
Property type
Commercial real estate
APN
15-28-127-046
APU
1528127046

Description

This exceptional Aurora investment opportunity presents a fully updated mixed-use building offering significant income potential. The main floor comprises a 3,750 square foot retail space with high visibility, boasting an ADA-compliant handicapped-accessible entrance and a full basement. A separate, beautifully renovated 3-bedroom, 2-bathroom apartment occupies the upper level, complete with a laundry room, sunroom, and modern kitchen. Each unit features separate utilities for maximized income generation. The property also includes a convenient 2.5-car garage and a private parking lot, adding to its appeal. Recent upgrades include a new roof, siding, and gutters installed in 2024, ensuring long-term value and reduced maintenance costs. This turnkey property is ideal for investors seeking a strong return on investment in a desirable Aurora location. Serious inquiries only

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $355,000
  • CAP approach

    CAP return
    Estimation
    6%
    $245,000
    6.5%
    $225,000
    7%
    $245,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $280,000
    Geo Method
    $220,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $225,000
    Retail
    $280,000
    Mixed-Use
    $280,000
    Hospitality
    $240,000
    Educational
    $260,000
    Residential Income
    $255,000
    Energy
    $225,000
    Income-Based Land
    $235,000
    Food Service
    $260,000

Location Insight

  • Map
  • Local Demand
City
Aurora
County
Kane
State
Illinois
Longitude
-88.3315
Latitude
41.7503
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,738
$5,026
$59,797
$64,823
-
$15,078
$179,391
$194,469
More about this property
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