4.91 acre development parcel along the fox river

1055 N Lake St, Aurora, IL, Kane 60506

Development Land

M-1

Added: 2015-05-13 Updated: 2019-04-24

Active $427,759

Wooded 4.91 acre parcel between the Fox River and Lake St (IL Route 31) zoned M1 Light Industrial with potential for multi-family development with rezoning to R-5 consistent with the Comprehensive Plan for the City of Aurora. Easements across adjacent parcel allow for full access to and potential signage on Lake St. Adjacent uses include residential, retail/restaurant, and light industrial. 2016 Taxes: $15,043.80. Can be combined with adjacent 4,656 sf net leased restaurant on 1.72 acres priced at a portfolio price of $1,250,000 (5.03% CAP on in place income).

Listing contacts

Joel Miller, CCIM
SVN | Landmark Commercial Real Estate
(630) 938-4950

Documents

1055 N Lake St, 4.91 AC - Offering Memorandum

Median household income (5-mile radius) 76,950

Renters occupied (5-mile radius) 33%

Num of competitors (5-mile radius) 26

Sq.Ft. per capita (1-mile radius) 25.29

5x5 unit average price $40

5x10 unit average price $49

10x10 unit average price $95

APN # 15-15-176-058

Lot Size (acres) 0.00011271808999081726

Zoning M-1

Analyze the location

Feasibility study

4.91 Acre Parcel Along Fox River
M-1 - Light Industrial Zoning
Municipal Support for Multi-Family Development
Wooded Parcel with River Views
Easement Allowing for full access to Lake St / IL Route 31
Convenient Location Just South of I-88

The parcel is located along Lake St (Rt 31) just south of Indian Trail Rd in a vibrant commercial district in Aurora, Illinois'' second largest city. The location affords convenient access to the local community via Lake St (Rt 31) and Indian Trail Rd, and strong regional access via I-88 (full interchange at Rt 31). The parcel is adjacent to Nikarry''s Restaurant and McDonalds, and is close to Northgate Shopping Center, Cermak Produce, Carson Pirie Scott, TJ Maxx, Ross, Long John Silvers, Taco Bell, White Castle, Walgreens and many other regional and national retailers.

Drive Time:

▣ 0-5 minutes
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4.91 acre development parcel along the fox river

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