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Financial
Distress signals
Property profile

975 Meridian Lake Dr Aurora, IL 60504

FOR LEASE
Other office properties
Property ID
US28-0072596
74,267 SF 6.79 ac lot Built 1999
Last sale Nov 2020 · $3,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office space is situated in an office business park and is positioned with views overlooking a lake. The building was renovated in 2022. The space is furnished and configured for use as an office environment suitable for corporate headquarters operations. It is located within walking distance of the Route 59 METRA hub.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$111k
Tax billed · 2023
Assessed value$1.36M
Assessed land$402k
Assessed improvement$959k
Effective rate8.13%

Value estimate

· Oct 2026
$3.62M
$3.25M – $3.98M
AI approach$4.44M
Submarket $/SF estimate$3.79M
NOI build-up
Gross scheduled income$720k
Vacancy & credit loss−$130k
Operating expenses−$148k
NOI · 3,162,857.14% cap applied$443k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$160/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$49 – $277
Qualifying comparables8

Cap rate analysis

How does the asset earn?
3,162,857.14%
$443k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C
JurisdictionDU PAGE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.4
Auto Parts Store12.6
Garden Center11.6

Location

975 Meridian Lake Dr Aurora, IL 60504
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4255 Meridian, Aurora, IL 60504-7957 $4,000,000 Jul 2025 44,825 SF
Enterprises, Aurora, IL 60504 $3,300,000 Jul 2025 55,780 SF
4050 Healthway, Aurora, IL 60504-8183 $1,258,000 Feb 2023 47,801 SF
495 Cmns, Aurora, IL 60504-8187 $2,360,000 Feb 2022 63,820 SF
3901 Liberty, Aurora, IL 60504-8122 $6,150,000 Aug 2021 60,206 SF
905 Meridian Lk, Aurora, IL 60504-4936 $1,450,000 Mar 2021 74,267 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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