218- 220 S Lake Street, Aurora, IL 60506
- $350,000
- $350,000
Description
Prime Two Parcel Commercial Opportunity with Unbeatable Parking-Near Downtown Aurora! EXCEPTIONAL VERSTILITY-LIVE/WORK or PURE INVESTMENT WITH 14 DEDICATED PARKING SPACES. This is an incredibly rare oportunity for a business owner or investor seeking a high visibility location with an abundance of private parking. Situated just one block south of the Aurora Library and the thriving downtown distrcit, this well-maintained property offers two distinct parcels with endless potential. PROPERTY HIGHLIGHTS: INCOME-GENERATING 2 UNIT STRUCTURE *1ST FLOOR RETAIL CURRENTLY OPERATING AS A HAIR SALON. THIS VERSATILE SPACE CAN EASILY BE CUSTOMIZED OR BUILT OUT TO MATCH YOUR NEEDS OR VISION. *MASSIVE 14 SPACE PARKING LOT WHEN YOU ADD THE ADDITIONAL SPACES INCLUDED IN THE ADJACENT PARCEL TO THE SOUTH. *A FINISHED WALKOUT BASEMENT PROVIDES EXPANSIVE SECURE SPACE FOR INVENTORY, EQUIPMENT OR YOUR SPECIFIC BUSINESS STORAGE. *UNBEATABLE VALUE PRICED COMPETIVELY FOR A QUICK SALE, OFFERING INCREDIBLE EQUITY POTENTIAL IN A CITY WHERE THE MEDIAN SALES PRICE IS APPROXIMATELY $350,000. *LIVE UPSTAIRS AND RUN YOUR BUSINESS BELOW OR LEASE BOTH UNITS FOR AN INVESTMENT INCOME STREAM. TAKE ADVANTAGE OF AURORA’S DOWNTOWN RESURGENCE AND THRIVING DOWNTOWN DISTRICT. *PROPERTY HAS BEEN WELL MAINTAINED. BUYER TO CONDUCT DUE DILIGENCE REGARDING PROPERTY CONDITION, ZONING AND MUNICIPAL REGULATORY REQUIREMENTS.
- Listing Courtesy of: Keller Williams Innovate
Details
Updated on July 21, 2026 at 7:34 pm-
Property ID MRD12708298
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Price $350,000
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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 New
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Cumulative Days On Market 121
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Tax Annual Amount 3835.62
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Cooling Window Unit(s)
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Directions From I-88 exit Lake Street (Rt 31) south to property. 1 block south of Aurora Library. Coming from south, exit route 30, north to property.
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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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