Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3450 Montgomery Rd Aurora, IL 60504-3149
    Back to Search
    Property profile & analytics

    3450 Montgomery Rd Aurora, IL 60504-3149

    View on Map
    • Retail space
    • 38,529 SF
    • 4.08 lot acres
    Off-Market
    Property ID
    US28-3461118
    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.
    Value Estimations
    $4,020,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 3450 Montgomery Rd

    Year built
    1998
    Lot size
    4.08 lot acres
    Property size
    38,529 SF
    Zone code
    I
    Property type
    Retail space
    APN
    07-32-201-017
    APU
    732201017

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Dupage
    State
    Illinois
    Longitude
    -88.2316
    Latitude
    41.7328
    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
    2023
    $106,450
    $241,680
    $1,068,170
    $1,309,850
    -
    $725,040
    $3,204,510
    $3,929,550

    Comparable in this City

    • Value Estimation
      $1,765,000
      13,969 SF

      55 Cmns Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,969 SF
      55 Cmns Dr, Aurora, IL 60504-4432
      View Details
    • Value Estimation
      $850,000
      9,660 SF

      481 Cmns Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,660 SF
      481 Cmns Dr, Aurora, IL 60504-4503
      View Details
    • Value Estimation
      $3,270,000
      43,841 SF

      4006 Cmns Dr

      RETAIL STORES (PERSONAL SERVICES) • 43,841 SF
      4006 Cmns Dr, Aurora, IL 60504
      View Details
    • Value Estimation by Request
      4,417 SF

      449 Rte 59

      RETAIL STORES (PERSONAL SERVICES) • 4,417 SF
      449 Rte 59, Aurora, IL 60504-8167
      View Details
    • Value Estimation
      $1,825,000
      23,042 SF

      3577 New York St

      RETAIL STORES (PERSONAL SERVICES) • 23,042 SF
      3577 New York St, Aurora, IL 60504-3000
      View Details
    • Value Estimation
      $10,695,000
      916,143 SF

      195 Fox Vly Ctr, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 916,143 SF
      195 Fox Vly Ctr, Aurora, IL 60504-4106
      View Details

    Similar Nearby for Sale

    • $750,000

      Office Condos in Garden-Like Business Park

      Two office condos in Aurora, ideal for investors.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $330,000

      Class A Office Condo

      1,588 SF office condo near Fox Valley Mall.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $750,000
      1,313 SF

      Aurora Office Condos For Sale

      Two office condos for sale, fully built out and rented.
      3845 Mccoy Dr, Aurora, IL 60504
      View Details
    • $2,100,000
      4,350 SF

      Aurora Commercial Building For Sale

      Commercial building with four units available for purchase in Aurora.
      3949 75Th St, Aurora, IL 60504
      View Details
    • $475,000

      Renovated Office Condo For Sale

      Well-appointed office condo in Waterford professional complex, ideal for various uses.
      1256 Waterford Dr, Aurora, IL 60504
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Remodeled Salon Suites Near Mall

      Salon suites near Fox Valley Mall with high visibility.
      4470 Westbrook Dr, Aurora, IL 60504
      View Details
    • $28 SF/Yr

      Salon Suites at Fox Valley

      Remodeled salon suites near Fox Valley Mall available for lease.
      4470 Westbrook Dr, Aurora, IL 60504
      View Details
    • $26 SF/Yr
      3,370 SF

      Upscale Retail Space Near Mall

      Retail/professional space near Fox Valley Mall with strong demographics.
      4400 Mccoy Dr, Aurora, IL 60504
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Fox Valley

      Located on Route 59 and 75th Street in Aurora, IL.
      75Th St, Aurora, IL 60504
      View Details
    • Contact for pricing

      Prime Retail Space on Route 59

      High-visibility retail space near Route 59 and Fox Valley Mall.
      740 Illinois Rte 59, Aurora, IL 60504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3450 Montgomery Rd
    Aurora, IL 60504-3149
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3450 Montgomery Rd, Aurora, IL, 60504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!