1156 Prairie St Aurora, IL 60506
- Commercial real estate
- 2,604 SF
- 0.21 lot acres
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
-
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