218- 220 S Lake Street, Aurora, IL 60506
Description
Back on market due to buyers financing falling through! This is your second chance to own this fantastic property. This property features a mixed use 2 story commercial space and a residential apartment, making it ideal for investors or owner. Users looking to operate a business while generating supplemental rental income. Main Level: Spacious commercial storefront with excellent visibility and steady traffic along S Lake St. Perfect for retail, office, or a service based operation. Walk-Out Basement: Fully accessible ideal for storage, studio use, workshop space. Second Floor: Bright and well maintained 1-bedroom apartment with a private entrance ideal for an owner-occupant, on-site manager, or traditional rental. A major advantage of this property is its large private parking lot, offering approximately 15 parking spaces a rare convenience for businesses and tenants in this area. Located near the heart of downtown Aurora, the property benefits from high visibility, close proximity to public transportation, restaurants, shopping, and local attractions. The flexible layout provides endless possibilities for creating the ideal environment to fit your business needs, whether you’re launching, expanding, or relocating. Second Parcel Number is 15-21-476-008 currently being used as a parking lot for the existing commercial building. Taxes for the second parcel are 430.66.
- Listing Courtesy of: Keller Williams Innovate - Aurora
Details
Updated on June 5, 2026 at 12:29 am-
Property ID MRD12573854
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Price $340,000
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Year Built 1900
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Property Type Bad
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Property Status Active
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Parcel Number 1521476007
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MLS Status Active
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Days On Market 105
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Cumulative Days On Market 65
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Tax Annual Amount 3737.94
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Cooling Window Unit(s)
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Directions I-88 to Lake street/ route 31 approximately 5 miles south.
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BuildingAreaTotal 924
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LotSizeSquareFeet 7840
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StoriesTotal 2
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Zoning COMMR
Address
Open on Google Maps- Address 218- 220 S Lake Street
- City Aurora
- State/county IL
- Zip/Postal Code 60506
- Country United States
Overview
- Bad
- 1900
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