1329 N Lake St, Aurora, IL 60506
For Sale
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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.
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Fox Valley Adult Transition Center State Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.