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    Property profile & analytics

    597 Lake St Aurora, IL 60506

    • Commercial real estate
    • 3,630 SF
    • 0.17 lot acres
    For Sale
    View listing
    $569,900
    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

    Comparable in this City

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    597 Lake St
    Aurora, IL 60506
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    Realmo Value Estimation

    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.

    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.

    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
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