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    FOR SALE
    Apartment buildings

    1329 N Lake St, Aurora, IL 60506

    28,782 SF 2.18 ac lot Built 1920
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-3303936
    Property summary
    AI-generated overview

    This exceptional 27,000 square foot commercial land parcel is ideally situated at the southeast corner of North Lake Street (IL Route 31) and Sullivan Road in Aurora, Illinois, 60506. Boasting a prime location with high visibility, this property benefits from approximately 33,000+ vehicles passing daily, thanks to its position on a signalized intersection of two major thoroughfares. The B-2 zoning, with City of Aurora Planning Department approval pending final plan submission, makes it perfect for fast-food or retail development. This site enjoys exceptional access to major transportation arteries, including less than a half-mile proximity to the I-88 & Route 31 interchange, which sees over 82,000 vehicles daily. The property's strategic location places it adjacent to the expansive 80-acre Ascension Mercy Medical Campus (370+ beds) and the Illinois Social Security Office, ensuring a consistent flow of potential customers. Furthermore, the densely populated area, with over 112,000 residents within a 3-mile radius and Aurora's overall population exceeding 180,000, presents a substantial and readily accessible market. The land is priced at $22 per square foot. This is a rare opportunity to acquire a high-traffic, strategically located commercial lot in a thriving Illinois city.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1920
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 28,782 SF
    Lot 2.18 ac (94,960 SF)
    APN 15-10-352-045
    UPID US28-3303936
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fox Valley Adult Transition Center State Government Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.60M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.45M
    Owner & transaction history
    Elevate Aurora LLC · 4 yrs held
    Elevate Aurora LLC
    since 2021
    Last sale
    $2.3M
    3 recorded transactions
    2021
    $2.3M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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