1261 N. Lake St, Aurora, IL

1261 N Lake St Aurora, IL 60506

1261 N Lake St, Aurora, IL, 60506
1261 N Lake St, Aurora, IL, 60506
FOR LEASE
Property Type:
Strip Center
Last Verified:
Feb 19, 2021

Highlights

  • 43,400 VPD at N. Lake ST & Indian Trail Rd
  • Excellent visibility with signage available on pylon and facade
  • 132,000 Population within 3 miles
  • Surrounded by national and local tenants within the center and across the street
  • Close to Presence Mercy Medical Center with 293 beds

Description

For Lease 1,200 sq.ft. in-line space. Property is located at one of the highest traffic count intersections in Aurora. As a result, N. Lake St has also become one of the strongest retail corridors in the area. Excellent tenant visibility and signage on N. Lake St. and across from Aurora commons Shopping Center. Co-Tenants include Dollar General, O'Reilly, PLS, Subway and more.
Demographic profile boasts approximately 132,000 residents within 3 miles.

Aurora is a suburb of Chicago with a population of 200,660. Aurora is in Kane County and is one of the best places to live in Illinois. Living in Aurora offers residents a dense suburban feel and most residents own their homes. In Aurora there are a lot of coffee shops and parks. Many families and young professionals live in Aurora and residents tend to lean liberal. The public schools in Aurora are above average.

Building Size: 30913sq ft
Lot Size: 1.89 acres

Units for Lease

1261 N. Lake St, Aurora, IL
Space Available: 1200 SF
Lease Type: NNN

Price Per Sqft/Year: $25.0
1261 N. Lake St, STE K, Aurora, IL
Space Available: 1200 SF
Lease Type: NNN

Price Per Sqft/Year: $25.0

Map of 1261 N Lake St, Aurora, IL, 60506

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.