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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Retail space
3450 Montgomery Rd, Aurora, IL 60504-3149
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US28-3461118
Property summary
AI-generated overview
Meadow Lakes Plaza offers a 1,482 square foot retail space for lease in a prime Aurora, Illinois location. Situated at 3450 Montgomery Rd, Aurora, IL 60504, this property is part of the Meadow Lakes residential and business park, directly across from the White Eagle Club. The plaza boasts a total of 40,140 square feet and benefits from a convenient location, approximately 30 miles west of Chicago in DuPage County. Its strategic position on the northwest corner of Montgomery Road and Frontenac Road provides excellent visibility and accessibility. The property is easily accessible, being just one mile west of Route 59/Naperville and four miles from I-88, placing it within minutes of the Westfield Fox Valley Mall and other major national retailers. The space features 200-400 AMP power and is zoned PDD. This multi-tenant building presents a fantastic opportunity for businesses seeking a high-traffic location within a thriving community. The property is located in the far eastern portion of Aurora and offers excellent visibility and access. A media brochure is available upon request.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
38,529 SF
Lot
4.08 ac (177,725 SF)
Zoning code
I
APN
07-32-201-017
UPID
US28-3461118
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
-
Sunshine Pet Hospital Veterinary Clinic
-
Khan Ali M DDS Dental Office
-
Rito's Mexican Restaurant Restaurant
-
Papa Fresco's Pizza Take-out & Catering Catering Service
-
Tranquil Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
4m Meadow Lakes Plaza LLC · 10 yrs held
4m Meadow Lakes Plaza LLC
since 2016
1 recorded transaction
Zoning & alternative use
I · Aurora, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$106,450
Tax year 2023
Assessed value
$1,309,850
Assessed 2023
Previous assessed
$1,318,220
-0.6% YoY
Effective rate
8.13%
On assessed value
Assessed land
$241,680
Assessed improvement
$1,068,170
Land market value
$725,040
Improvement market value
$3,204,510
Total market value
$3,929,550
Applied tax rate
7,045.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
CENTRAL
Cooling
CENTRAL
Total area
38,529 SF
Lot
4.08 ac (177,725 SF)
Zoning code
I
APN
07-32-201-017
UPID
US28-3461118
Jurisdiction
DU PAGE
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
I · Aurora, IL
Zoning I · permitted uses
I · Aurora, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aurora. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
CENTRAL
Cooling
Yes
Lot
4.08 ac
Current owner
From public records · entity-resolved
4m Meadow Lakes Plaza LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1649 MONTGOMERY RD, AURORA, IL 60504-4362
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2016
—
4m Meadow Lakes Plaza LLC
Trust 5238
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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