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Property profile & analytics

1156 Prairie St Aurora, IL 60506

  • Commercial real estate
  • 2,604 SF
  • 0.21 lot acres
Value Estimation
Location Intelligence
Property ID
US28-0474164
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

  • Commercial real estate

Property Details for 1156 Prairie St

Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.21 lot acres
Property size
2,604 SF
Property type
Commercial real estate
APN
15-29-204-018
APU
1529204018

Description

This exceptional mixed-use property at 1156 Prairie Street, Aurora, IL, presents a compelling investment opportunity. The building encompasses two sizable units, each approximately 1,300 square feet, offering immense flexibility for a variety of uses. Each unit boasts large front windows, individual HVAC systems (air conditioning and furnace), and a half-bath, complete with functional gas, plumbing, and electrical connections. The property also includes a significant advantage: ten dedicated parking spaces, a rare find in this desirable location. The building's prime position on a popular Aurora street places it within convenient walking distance to the Aurora Country Club, Aurora University, and a wealth of amenities including grocery stores, shops, dry cleaners, and restaurants. The units' generous size and independent utilities allow for diverse occupancy scenarios, from separate businesses to a single, expansive unit (conversion possible). With its strong location and versatile layout, this property is poised for immediate income generation or future development. The total building size is 2,604 square feet. This is a rare chance to acquire a well-situated mixed-use property in a thriving Aurora neighborhood.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $275,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $295,000
    7%
    $340,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $255,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $235,000
    Retail
    $255,000
    Mixed-Use
    $310,000
    Hospitality
    $275,000
    Educational
    $250,000
    Residential Income
    $230,000
    Energy
    $290,000
    Income-Based Land
    $260,000
    Food Service
    $300,000

Location Insight

  • Map
  • Local Demand
City
Aurora
County
Kane
State
Illinois
Longitude
-88.3451
Latitude
41.7519
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
$5,380
$8,946
$51,837
$60,783
-
$26,838
$155,511
$182,349
More about this property
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