218-220 S Lake Street Aurora, IL $ 350,000
218-220 S Lake Street
$ 350,000
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218-220 S Lake Street

Aurora, IL, 60506
$ 350,000
Bedrooms-- Baths-- Sq 924

Monthly Estimate*

$ 2,184

218-220 S Lake Street, Aurora, IL 60506 - Image 1
218-220 S Lake Street, Aurora, IL 60506 - Image 2

Commercial Property for sale in Aurora, IL

for $350,000. This 924 square foot building was built in 1900 on a lot size of 0.179982.

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.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 3,307

Style

Lot Size

0.179982

Year Built

1900

Town/City

Aurora

County/Region

Kane

MLS | Web ID

12484378

Features
General
Cooling Window Unit(s)
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Zoning COMMR
Construction Materials Wood Cedar
Year Built 1900
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 2
Township Aurora
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Kane
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Legal Non Conforming Retail
Status Active
Directions I-88 to Lake street/ route 31 approximately 5 miles south.
City Aurora
Number Of Units Total 2
MLS Area Aurora / Eola
Lot Size Square Feet 7840
Tax Annual Amount 3307.28
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 924
Lot Dimensions 7840.80
Frontage Type City Street
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* Excluded Features
List By
Keller Williams Innovate - Aurora

Broker

anairod613@gmail.com;anairodriguez@kw.com

Email

Affordability Calculator

$2,459
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,184
Monthly Property Taxes
$276
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$350,000 Listed Price

Map


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218-220 S Lake Street, Aurora, IL, 60506 is a Commercial Property for sale at $350,000 with 924 sqft and a lot size of 0.179982. 218-220 S Lake Street was built in 1900. The property's zip code is 60506 which is in Aurora, IL