1815 Oak St - Commercial LAND FOR SALE


North Aurora, IL 60542 435,600 SF
$2,900,000 USD
630-805-2463
1815 Oak St, North Aurora, IL for Sale
$2,900,000 USD
Commercial LAND - FOR SALE
1/5
435,600 SF

1815 Oak St
North Aurora, IL 60542


OVERVIEW

Excellent development opportunity for a retail developer. Part of an existing 38 acre site, seller will split roughly 10 acres off the southwest corner, with frontage Orchard Road. Owner plans to sell the back portion of site to a apartment or town home developer. The property is already annexed to the Village of North Aurora and zoned B-2/R-4. The village prefers a retail use at the property. Current zoning allows most commercial uses. If desired, a retail buyer can purchase more than 10 acres, up to the entire 38 acre site. Per the annexation agreement, the entire 38 acres can be developed as retail. The surrounding suburbs are running out of developable land and many commercial dwellings are at full capacity with little to no inventory. The site enjoys business friendly community with low Kane County real estate taxes. The village will welcome big box retail developers offering variety tax incentives. Great fit for a grocery store, car dealership, hotel, big box retailer, entertainment, or children's concept.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/ACRE

$290,000/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Commercial Land in North Aurora

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

10 AC

LAND SF

435,600 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

B2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Troy GoldenGolden Group Commercial Real EstateMore Info
630-805-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.